2014 MZN to AFN Historical Review

YEARLY HIGH

1.8824 AFN

YEARLY LOW

1.7104 AFN

YEARLY AVERAGE

1.8240 AFN

2014 MZN to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MZN to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 14, valuing the pair at 1.8824. Conversely, the yearly low was recorded on December 22, dropping to 1.7104.

This high-to-low spread represents a total annual volatility of 0.1720 AFN. From a start-to-finish perspective, comparing the January average rate of 1.8630 to the December average rate of 1.7529, the exchange rate registered a net change of -5.91% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.8824 was down 3.21% compared to the 2013 peak of 1.9447, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 9,412 AFN

2013 Average 9,154 AFN

Yearly Trough Low 8,552 AFN

Transaction Impact: A difference of 859.77 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.8740

1.7418

JanuMarcMayJulySeptNove

MZN 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 1.8174, compared to 1.8306 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0132 points.

H1 Avg (Jan–Jun) 1.8174

H2 Avg (Jul–Dec) 1.8306

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.1125 AFN (High: 1.8229 / Low: 1.7104). On the other end, August was the most stable month, with a tight range of 0.0244 AFN (High: 1.8690 / Low: 1.8445).

December Spread (Volatile) ±0.1125

August Spread (Stable) ±0.0244

Growth Streaks & Declines

Trends

Between May and September, 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 November and December, when the average rate fell by 0.0889 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0889

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2014: 1.8630) against the same month in 2013 (average: 1.7321), the exchange rate shifted by +0.1309 (+7.56%).

2014 Avg (January) 1.8630

2013 Avg (January) 1.7321

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.8824	1.8217	1.8630
February	1.8330	1.7472	1.7924
March	1.8293	1.7578	1.7982
April	1.8444	1.7937	1.8202
May	1.8319	1.7966	1.8076
June	1.8487	1.8068	1.8229
July	1.8528	1.8090	1.8344
August	1.8690	1.8445	1.8536
September	1.8722	1.8430	1.8571
October	1.8650	1.8269	1.8440
November	1.8666	1.8129	1.8417
December	1.8229	1.7104	1.7529