2014 MRO to AFN Historical Review

YEARLY HIGH

0.2009 AFN

YEARLY LOW

0.1903 AFN

YEARLY AVERAGE

0.1951 AFN

2014 MRO to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MRO to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 8, valuing the pair at 0.2009. Conversely, the yearly low was recorded on May 2, dropping to 0.1903.

This high-to-low spread represents a total annual volatility of 0.0106 AFN. From a start-to-finish perspective, comparing the January average rate of 0.1935 to the December average rate of 0.1994, the exchange rate registered a net change of 3.06% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.2009 was down 1.40% compared to the 2013 peak of 0.2038, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,005 AFN

2013 Average 933 AFN

Yearly Trough Low 952 AFN

Transaction Impact: A difference of 53.06 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.2001

0.1918

JanuMarcMayJulySeptNove

MRO 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 0.1943, compared to 0.1959 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0017 points.

H1 Avg (Jan–Jun) 0.1943

H2 Avg (Jul–Dec) 0.1959

Volatility Range Comparison

Volatility

The most volatile month in 2014 was July, with a trading range of 0.0063 AFN (High: 0.1984 / Low: 0.1921). On the other end, February was the most stable month, with a tight range of 0.0026 AFN (High: 0.1964 / Low: 0.1939).

July Spread (Volatile) ±0.0063

February Spread (Stable) ±0.0026

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 March and April, when the average rate fell by 0.0022 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0022

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.1994) against the same month in 2013 (average: 0.1956), the exchange rate shifted by +0.0038 (+1.92%).

2014 Avg (December) 0.1994

2013 Avg (December) 0.1956

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1971	0.1922	0.1935
February	0.1964	0.1939	0.1950
March	0.1964	0.1916	0.1947
April	0.1954	0.1905	0.1925
May	0.1958	0.1903	0.1935
June	0.1987	0.1950	0.1965
July	0.1984	0.1921	0.1950
August	0.1951	0.1912	0.1928
September	0.1968	0.1920	0.1947
October	0.1988	0.1942	0.1962
November	0.2001	0.1951	0.1977
December	0.2009	0.1979	0.1994