2011 CDF to AFN Historical Review

YEARLY HIGH

0.0538 AFN

YEARLY LOW

0.0467 AFN

YEARLY AVERAGE

0.0486 AFN

2011 CDF to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the CDF to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 5, valuing the pair at 0.0538. Conversely, the yearly low was recorded on July 27, dropping to 0.0467.

This high-to-low spread represents a total annual volatility of 0.0071 AFN. From a start-to-finish perspective, comparing the January average rate of 0.0475 to the December average rate of 0.0513, the exchange rate registered a net change of 8.20% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.0538 was down 2.15% compared to the 2010 peak of 0.0550, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 269 AFN

2010 Average 253 AFN

Yearly Trough Low 234 AFN

Transaction Impact: A difference of 35.34 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.0535

0.0464

JanuMarcMayJulySeptNove

CDF 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 0.0472, compared to 0.0499 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0027 points.

H1 Avg (Jan–Jun) 0.0472

H2 Avg (Jul–Dec) 0.0499

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.0060 AFN (High: 0.0528 / Low: 0.0468). On the other end, May was the most stable month, with a tight range of 0.0003 AFN (High: 0.0473 / Low: 0.0470).

September Spread (Volatile) ±0.0060

May Spread (Stable) ±0.0003

Growth Streaks & Declines

Trends

Between July and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0015 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0015

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 0.0513) against the same month in 2010 (average: 0.0478), the exchange rate shifted by +0.0035 (+7.33%).

2011 Avg (December) 0.0513

2010 Avg (December) 0.0478

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0485	0.0470	0.0475
February	0.0474	0.0468	0.0470
March	0.0474	0.0468	0.0471
April	0.0474	0.0470	0.0472
May	0.0473	0.0470	0.0471
June	0.0476	0.0469	0.0474
July	0.0474	0.0467	0.0472
August	0.0477	0.0469	0.0472
September	0.0528	0.0468	0.0481
October	0.0533	0.0523	0.0527
November	0.0537	0.0499	0.0529
December	0.0538	0.0500	0.0513