2011 NIO to AFN Historical Review

YEARLY HIGH

2.1707 AFN

YEARLY LOW

1.8963 AFN

YEARLY AVERAGE

2.0288 AFN

2011 NIO to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the NIO to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 2.1707. Conversely, the yearly low was recorded on September 21, dropping to 1.8963.

This high-to-low spread represents a total annual volatility of 0.2744 AFN. From a start-to-finish perspective, comparing the January average rate of 2.1678 to the December average rate of 2.0257, the exchange rate registered a net change of -6.56% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 2.1707 was down 14.29% compared to the 2010 peak of 2.5326, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 10,853 AFN

2010 Average 11,561 AFN

Yearly Trough Low 9,481 AFN

Transaction Impact: A difference of 1,371.91 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

2.1940

1.8806

JanuMarcMayJulySeptNove

NIO 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 2.0519, compared to 2.0056 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0463 points.

H1 Avg (Jan–Jun) 2.0519

H2 Avg (Jul–Dec) 2.0056

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.2360 AFN (High: 2.1323 / Low: 1.8963). On the other end, February was the most stable month, with a tight range of 0.0051 AFN (High: 2.1659 / Low: 2.1609).

September Spread (Volatile) ±0.2360

February Spread (Stable) ±0.0051

Growth Streaks & Declines

Trends

Between August and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.1922 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.1922

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 2.1678) against the same month in 2010 (average: 2.4929), the exchange rate shifted by -0.3250 (-13.04%).

2011 Avg (January) 2.1678

2010 Avg (January) 2.4929

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.1707	2.1648	2.1678
February	2.1659	2.1609	2.1629
March	2.1658	2.1553	2.1591
April	2.1548	1.9340	1.9669
May	1.9352	1.9268	1.9311
June	1.9408	1.9178	1.9239
July	1.9220	1.9110	1.9155
August	1.9187	1.8992	1.9067
September	2.1323	1.8963	1.9453
October	2.1317	2.1255	2.1291
November	2.1285	1.9966	2.1114
December	2.1139	1.9834	2.0257