2014 CDF to AFN Historical Review

YEARLY HIGH

0.0631 AFN

YEARLY LOW

0.0605 AFN

YEARLY AVERAGE

0.0617 AFN

2014 CDF to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the CDF to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 0.0631. Conversely, the yearly low was recorded on January 6, dropping to 0.0605.

This high-to-low spread represents a total annual volatility of 0.0026 AFN. From a start-to-finish perspective, comparing the January average rate of 0.0609 to the December average rate of 0.0626, the exchange rate registered a net change of 2.89% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.0631 was down 0.08% compared to the 2013 peak of 0.0632, 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 316 AFN

2013 Average 297 AFN

Yearly Trough Low 302 AFN

Transaction Impact: A difference of 13.22 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.0628

0.0607

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 0.0616, compared to 0.0618 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.0616

H2 Avg (Jul–Dec) 0.0618

Volatility Range Comparison

Volatility

The most volatile month in 2014 was July, with a trading range of 0.0021 AFN (High: 0.0628 / Low: 0.0606). On the other end, August was the most stable month, with a tight range of 0.0008 AFN (High: 0.0615 / Low: 0.0607).

July Spread (Volatile) ±0.0021

August Spread (Stable) ±0.0008

Growth Streaks & Declines

Trends

Between August and December, 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 July and August, when the average rate fell by 0.0006 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0006

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.0626) against the same month in 2013 (average: 0.0618), the exchange rate shifted by +0.0008 (+1.36%).

2014 Avg (December) 0.0626

2013 Avg (December) 0.0618

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0620	0.0605	0.0609
February	0.0622	0.0609	0.0615
March	0.0621	0.0612	0.0617
April	0.0621	0.0607	0.0616
May	0.0620	0.0611	0.0616
June	0.0627	0.0619	0.0622
July	0.0628	0.0606	0.0616
August	0.0615	0.0607	0.0610
September	0.0620	0.0608	0.0615
October	0.0626	0.0615	0.0620
November	0.0629	0.0620	0.0624
December	0.0631	0.0623	0.0626