2023 EUR to AFN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 EUR to AFN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the EUR to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on April 18, valuing the pair at 100.4212. Conversely, the yearly low was recorded on December 11, dropping to 74.5969.
This high-to-low spread represents a total annual volatility of 25.8243 AFN. From a start-to-finish perspective, comparing the January average rate of 95.8602 to the December average rate of 76.4127, the exchange rate registered a net change of -20.29% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 100.4212 was down 16.65% compared to the 2022 peak of 120.4819, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 EUR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
EUR to AFN Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 95.0168, compared to 84.1127 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 10.9041 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was September, with a trading range of 9.2444 AFN (High: 87.8786 / Low: 78.6342). On the other end, March was the most stable month, with a tight range of 2.5897 AFN (High: 95.2414 / Low: 92.6518).
Growth Streaks & Declines
TrendsNo 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 8.8669 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2023: 95.2033) against the same month in 2022 (average: 94.6114), the exchange rate shifted by +0.5918 (+0.63%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 97.6066 | 92.6344 | 95.8602 |
| February | 99.0285 | 93.1304 | 95.9549 |
| March | 95.2414 | 92.6518 | 93.8689 |
| April | 100.4212 | 93.3790 | 95.2033 |
| May | 97.5325 | 93.3626 | 95.1861 |
| June | 95.8694 | 92.0772 | 94.0274 |
| July | 97.9151 | 93.2739 | 95.7927 |
| August | 95.3626 | 88.0512 | 92.1127 |
| September | 87.8786 | 78.6342 | 83.2458 |
| October | 82.1641 | 77.8209 | 79.8029 |
| November | 79.6964 | 75.0238 | 77.3092 |
| December | 78.2400 | 74.5969 | 76.4127 |