2019 BTN to AFN Historical Review

YEARLY HIGH

1.1820 AFN

YEARLY LOW

1.0437 AFN

YEARLY AVERAGE

1.1071 AFN

2019 BTN to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the BTN to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on July 9, valuing the pair at 1.1820. Conversely, the yearly low was recorded on February 19, dropping to 1.0437.

This high-to-low spread represents a total annual volatility of 0.1383 AFN. From a start-to-finish perspective, comparing the January average rate of 1.0690 to the December average rate of 1.1037, the exchange rate registered a net change of 3.24% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 1.1820 was up 6.29% compared to the 2018 peak of 1.1121, 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 5,910 AFN

2018 Average 5,298 AFN

Yearly Trough Low 5,219 AFN

Transaction Impact: A difference of 691.32 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

1.1805

1.0418

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 1.1011, compared to 1.1131 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0120 points.

H1 Avg (Jan–Jun) 1.1011

H2 Avg (Jul–Dec) 1.1131

Volatility Range Comparison

Volatility

The most volatile month in 2019 was August, with a trading range of 0.0692 AFN (High: 1.1575 / Low: 1.0883). On the other end, October was the most stable month, with a tight range of 0.0129 AFN (High: 1.1071 / Low: 1.0941).

August Spread (Volatile) ±0.0692

October Spread (Stable) ±0.0129

Growth Streaks & Declines

Trends

Between February and July, 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 0.0608 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0608

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2019: 1.1690) against the same month in 2018 (average: 1.0612), the exchange rate shifted by +0.1078 (+10.16%).

2019 Avg (July) 1.1690

2018 Avg (July) 1.0612

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0878	1.0550	1.0690
February	1.0614	1.0437	1.0534
March	1.1094	1.0532	1.0852
April	1.1210	1.0955	1.1119
May	1.1614	1.1110	1.1322
June	1.1784	1.1360	1.1546
July	1.1820	1.1548	1.1690
August	1.1575	1.0883	1.1082
September	1.1095	1.0810	1.0990
October	1.1071	1.0941	1.1021
November	1.1069	1.0851	1.0965
December	1.1130	1.0911	1.1037