2021 NPR to AFN Historical Review

YEARLY HIGH

0.9656 AFN

YEARLY LOW

0.6433 AFN

YEARLY AVERAGE

0.7053 AFN

2021 NPR to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NPR to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 15, valuing the pair at 0.9656. Conversely, the yearly low was recorded on April 13, dropping to 0.6433.

This high-to-low spread represents a total annual volatility of 0.3223 AFN. From a start-to-finish perspective, comparing the January average rate of 0.6610 to the December average rate of 0.8455, the exchange rate registered a net change of 27.92% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.9656 was up 40.49% compared to the 2020 peak of 0.6873, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,828 AFN

2020 Average 3,243 AFN

Yearly Trough Low 3,216 AFN

Transaction Impact: A difference of 1,611.40 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.8647

0.6344

JanuMarcMayJulySeptNove

NPR 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 0.6630, compared to 0.7476 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0845 points.

H1 Avg (Jan–Jun) 0.6630

H2 Avg (Jul–Dec) 0.7476

Volatility Range Comparison

Volatility

The most volatile month in 2021 was December, with a trading range of 0.1688 AFN (High: 0.9656 / Low: 0.7968). On the other end, January was the most stable month, with a tight range of 0.0105 AFN (High: 0.6675 / Low: 0.6570).

December Spread (Volatile) ±0.1688

January Spread (Stable) ±0.0105

Growth Streaks & Declines

Trends

Between April and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0125 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0125

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 0.8455) against the same month in 2020 (average: 0.6542), the exchange rate shifted by +0.1913 (+29.24%).

2021 Avg (December) 0.8455

2020 Avg (December) 0.6542

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6675	0.6570	0.6610
February	0.6771	0.6617	0.6649
March	0.6713	0.6561	0.6660
April	0.6713	0.6433	0.6536
May	0.6767	0.6522	0.6642
June	0.6735	0.6600	0.6686
July	0.6867	0.6635	0.6715
August	0.7367	0.6713	0.7010
September	0.7599	0.7208	0.7369
October	0.7585	0.7433	0.7521
November	0.8016	0.7554	0.7786
December	0.9656	0.7968	0.8455