2011 HTG to AFN Historical Review

YEARLY HIGH

1.1995 AFN

YEARLY LOW

1.0519 AFN

YEARLY AVERAGE

1.0902 AFN

2011 HTG to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the HTG to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on November 24, valuing the pair at 1.1995. Conversely, the yearly low was recorded on September 21, dropping to 1.0519.

This high-to-low spread represents a total annual volatility of 0.1476 AFN. From a start-to-finish perspective, comparing the January average rate of 1.0687 to the December average rate of 1.1482, the exchange rate registered a net change of 7.44% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 1.1995 was down 1.35% compared to the 2010 peak of 1.2159, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,997 AFN

2010 Average 5,632 AFN

Yearly Trough Low 5,259 AFN

Transaction Impact: A difference of 738.09 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

1.1997

1.0425

JanuMarcMayJulySeptNove

HTG 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 1.0594, compared to 1.1210 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0616 points.

H1 Avg (Jan–Jun) 1.0594

H2 Avg (Jul–Dec) 1.1210

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.1384 AFN (High: 1.1903 / Low: 1.0519). On the other end, February was the most stable month, with a tight range of 0.0072 AFN (High: 1.0600 / Low: 1.0529).

September Spread (Volatile) ±0.1384

February Spread (Stable) ±0.0072

Growth Streaks & Declines

Trends

Between August and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0384 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0384

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2011: 1.1866) against the same month in 2010 (average: 1.0717), the exchange rate shifted by +0.1148 (+10.71%).

2011 Avg (November) 1.1866

2010 Avg (November) 1.0717

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0759	1.0543	1.0687
February	1.0600	1.0529	1.0556
March	1.0658	1.0520	1.0580
April	1.0663	1.0522	1.0586
May	1.0664	1.0524	1.0567
June	1.0741	1.0525	1.0585
July	1.0669	1.0532	1.0607
August	1.0718	1.0524	1.0593
September	1.1903	1.0519	1.0849
October	1.1903	1.1818	1.1863
November	1.1995	1.1244	1.1866
December	1.1985	1.1230	1.1482