2014 BTN to AFN Historical Review

YEARLY HIGH

0.9756 AFN

YEARLY LOW

0.8987 AFN

YEARLY AVERAGE

0.9343 AFN

2014 BTN to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the BTN to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on May 22, valuing the pair at 0.9756. Conversely, the yearly low was recorded on January 6, dropping to 0.8987.

This high-to-low spread represents a total annual volatility of 0.0769 AFN. From a start-to-finish perspective, comparing the January average rate of 0.9064 to the December average rate of 0.9241, the exchange rate registered a net change of 1.96% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.9756 was down 2.47% compared to the 2013 peak of 1.0002, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 BTN based on timing:

Yearly Peak High 4,878 AFN

2013 Average 4,687 AFN

Yearly Trough Low 4,493 AFN

Transaction Impact: A difference of 384.31 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.9668

0.9009

JanuMarcMayJulySeptNove

BTN to AFN Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.9354, compared to 0.9331 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0023 points.

H1 Avg (Jan–Jun) 0.9354

H2 Avg (Jul–Dec) 0.9331

Volatility Range Comparison

Volatility

The most volatile month in 2014 was May, with a trading range of 0.0407 AFN (High: 0.9756 / Low: 0.9348). On the other end, November was the most stable month, with a tight range of 0.0108 AFN (High: 0.9409 / Low: 0.9301).

May Spread (Volatile) ±0.0407

November Spread (Stable) ±0.0108

Growth Streaks & Declines

Trends

Between January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0220 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0220

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2014: 0.9578) against the same month in 2013 (average: 0.9778), the exchange rate shifted by -0.0200 (-2.04%).

2014 Avg (May) 0.9578

2013 Avg (May) 0.9778

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9153	0.8987	0.9064
February	0.9200	0.9004	0.9116
March	0.9551	0.9181	0.9339
April	0.9554	0.9293	0.9416
May	0.9756	0.9348	0.9578
June	0.9752	0.9511	0.9613
July	0.9652	0.9310	0.9473
August	0.9328	0.9179	0.9253
September	0.9387	0.9232	0.9332
October	0.9447	0.9242	0.9335
November	0.9409	0.9301	0.9354
December	0.9378	0.9113	0.9241