2023 BTN to AFN Historical Review

YEARLY HIGH

1.1152 AFN

YEARLY LOW

0.8290 AFN

YEARLY AVERAGE

1.0028 AFN

2023 BTN to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BTN to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on April 18, valuing the pair at 1.1152. Conversely, the yearly low was recorded on November 22, dropping to 0.8290.

This high-to-low spread represents a total annual volatility of 0.2861 AFN. From a start-to-finish perspective, comparing the January average rate of 1.0860 to the December average rate of 0.8395, the exchange rate registered a net change of -22.70% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.1152 was down 21.93% compared to the 2022 peak of 1.4284, 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 5,576 AFN

2022 Average 5,740 AFN

Yearly Trough Low 4,145 AFN

Transaction Impact: A difference of 1,430.73 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.1107

0.8149

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 1.0689, compared to 0.9368 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1321 points.

H1 Avg (Jan–Jun) 1.0689

H2 Avg (Jul–Dec) 0.9368

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.1018 AFN (High: 0.9844 / Low: 0.8826). On the other end, December was the most stable month, with a tight range of 0.0189 AFN (High: 0.8491 / Low: 0.8303).

September Spread (Volatile) ±0.1018

December Spread (Stable) ±0.0189

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0804 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0804

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 1.0579) against the same month in 2022 (average: 1.1478), the exchange rate shifted by -0.0899 (-7.84%).

2023 Avg (April) 1.0579

2022 Avg (April) 1.1478

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.1068	1.0589	1.0860
February	1.1060	1.0595	1.0855
March	1.0920	1.0403	1.0657
April	1.1152	1.0350	1.0579
May	1.0824	1.0472	1.0632
June	1.0696	1.0385	1.0550
July	1.0738	1.0383	1.0551
August	1.0526	0.9821	1.0195
September	0.9844	0.8826	0.9392
October	0.9420	0.8814	0.9084
November	0.8946	0.8290	0.8590
December	0.8491	0.8303	0.8395