2014 NGN to AFN Historical Review

YEARLY HIGH

0.3581 AFN

YEARLY LOW

0.3138 AFN

YEARLY AVERAGE

0.3455 AFN

2014 NGN to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the NGN to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on May 5, valuing the pair at 0.3581. Conversely, the yearly low was recorded on December 23, dropping to 0.3138.

This high-to-low spread represents a total annual volatility of 0.0443 AFN. From a start-to-finish perspective, comparing the January average rate of 0.3514 to the December average rate of 0.3187, the exchange rate registered a net change of -9.32% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.3581 was down 2.91% compared to the 2013 peak of 0.3689, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 358,117 AFN

2013 Average 343,836 AFN

Yearly Trough Low 313,779 AFN

Transaction Impact: A difference of 44,337.72 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.3554

0.3153

JanuMarcMayJulySeptNove

NGN 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 0.3495, compared to 0.3415 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0081 points.

H1 Avg (Jan–Jun) 0.3495

H2 Avg (Jul–Dec) 0.3415

Volatility Range Comparison

Volatility

The most volatile month in 2014 was November, with a trading range of 0.0231 AFN (High: 0.3469 / Low: 0.3238). On the other end, March was the most stable month, with a tight range of 0.0044 AFN (High: 0.3478 / Low: 0.3434).

November Spread (Volatile) ±0.0231

March Spread (Stable) ±0.0044

Growth Streaks & Declines

Trends

Between March and June, 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 0.0176 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0176

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2014: 0.3515) against the same month in 2013 (average: 0.3397), the exchange rate shifted by +0.0119 (+3.49%).

2014 Avg (May) 0.3515

2013 Avg (May) 0.3397

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3545	0.3469	0.3514
February	0.3502	0.3427	0.3462
March	0.3478	0.3434	0.3456
April	0.3537	0.3455	0.3503
May	0.3581	0.3490	0.3515
June	0.3556	0.3492	0.3521
July	0.3552	0.3454	0.3506
August	0.3522	0.3457	0.3475
September	0.3504	0.3459	0.3479
October	0.3511	0.3454	0.3479
November	0.3469	0.3238	0.3363
December	0.3224	0.3138	0.3187