2014 NIO to AFN Historical Review

YEARLY HIGH

2.2539 AFN

YEARLY LOW

2.1379 AFN

YEARLY AVERAGE

2.1947 AFN

2014 NIO to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the NIO to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 27, valuing the pair at 2.2539. Conversely, the yearly low was recorded on September 4, dropping to 2.1379.

This high-to-low spread represents a total annual volatility of 0.1160 AFN. From a start-to-finish perspective, comparing the January average rate of 2.2142 to the December average rate of 2.1883, the exchange rate registered a net change of -1.17% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 2.2539 was down 3.09% compared to the 2013 peak of 2.3259, 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 11,270 AFN

2013 Average 11,094 AFN

Yearly Trough Low 10,690 AFN

Transaction Impact: A difference of 579.94 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

2.2354

2.1516

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 2.2165, compared to 2.1729 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0435 points.

H1 Avg (Jan–Jun) 2.2165

H2 Avg (Jul–Dec) 2.1729

Volatility Range Comparison

Volatility

The most volatile month in 2014 was July, with a trading range of 0.0695 AFN (High: 2.2218 / Low: 2.1523). On the other end, December was the most stable month, with a tight range of 0.0306 AFN (High: 2.2055 / Low: 2.1749).

July Spread (Volatile) ±0.0695

December Spread (Stable) ±0.0306

Growth Streaks & Declines

Trends

Between January and March, 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 June and July, when the average rate fell by 0.0292 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0292

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2014: 2.2142) against the same month in 2013 (average: 2.1251), the exchange rate shifted by +0.0891 (+4.19%).

2014 Avg (January) 2.2142

2013 Avg (January) 2.1251

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2539	2.1900	2.2142
February	2.2510	2.2041	2.2267
March	2.2525	2.2145	2.2284
April	2.2296	2.1792	2.2083
May	2.2158	2.1830	2.2052
June	2.2483	2.2027	2.2159
July	2.2218	2.1523	2.1868
August	2.1857	2.1477	2.1586
September	2.2041	2.1379	2.1659
October	2.1832	2.1413	2.1656
November	2.1883	2.1573	2.1725
December	2.2055	2.1749	2.1883