2014 ETB to AFN Historical Review

YEARLY HIGH

2.9809 AFN

YEARLY LOW

2.8137 AFN

YEARLY AVERAGE

2.8985 AFN

2014 ETB to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the ETB to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 27, valuing the pair at 2.9809. Conversely, the yearly low was recorded on September 4, dropping to 2.8137.

This high-to-low spread represents a total annual volatility of 0.1672 AFN. From a start-to-finish perspective, comparing the January average rate of 2.9356 to the December average rate of 2.8747, the exchange rate registered a net change of -2.07% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 2.9809 was down 2.68% compared to the 2013 peak of 3.0629, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 14,905 AFN

2013 Average 14,629 AFN

Yearly Trough Low 14,068 AFN

Transaction Impact: A difference of 836.22 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

2.9626

2.8284

JanuMarcMayJulySeptNove

ETB 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 2.9334, compared to 2.8636 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0697 points.

H1 Avg (Jan–Jun) 2.9334

H2 Avg (Jul–Dec) 2.8636

Volatility Range Comparison

Volatility

The most volatile month in 2014 was July, with a trading range of 0.0946 AFN (High: 2.9312 / Low: 2.8366). On the other end, December was the most stable month, with a tight range of 0.0239 AFN (High: 2.8877 / Low: 2.8639).

July Spread (Volatile) ±0.0946

December Spread (Stable) ±0.0239

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 June and July, when the average rate fell by 0.0478 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0478

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2014: 2.9356) against the same month in 2013 (average: 2.8089), the exchange rate shifted by +0.1267 (+4.51%).

2014 Avg (January) 2.9356

2013 Avg (January) 2.8089

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.9809	2.9184	2.9356
February	2.9710	2.9344	2.9480
March	2.9608	2.9364	2.9514
April	2.9488	2.8799	2.9207
May	2.9315	2.8813	2.9129
June	2.9697	2.9122	2.9315
July	2.9312	2.8366	2.8837
August	2.8762	2.8272	2.8395
September	2.8713	2.8137	2.8475
October	2.8896	2.8422	2.8627
November	2.8930	2.8559	2.8736
December	2.8877	2.8639	2.8747