2023 NPR to AFN Historical Review

YEARLY HIGH

0.6969 AFN

YEARLY LOW

0.5182 AFN

YEARLY AVERAGE

0.6268 AFN

2023 NPR to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NPR to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on April 18, valuing the pair at 0.6969. Conversely, the yearly low was recorded on November 22, dropping to 0.5182.

This high-to-low spread represents a total annual volatility of 0.1788 AFN. From a start-to-finish perspective, comparing the January average rate of 0.6788 to the December average rate of 0.5247, the exchange rate registered a net change of -22.70% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.6969 was down 21.94% compared to the 2022 peak of 0.8927, 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 3,485 AFN

2022 Average 3,588 AFN

Yearly Trough Low 2,591 AFN

Transaction Impact: A difference of 893.80 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6942

0.5093

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 0.6681, compared to 0.5855 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0826 points.

H1 Avg (Jan–Jun) 0.6681

H2 Avg (Jul–Dec) 0.5855

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0636 AFN (High: 0.6153 / Low: 0.5516). On the other end, December was the most stable month, with a tight range of 0.0118 AFN (High: 0.5307 / Low: 0.5189).

September Spread (Volatile) ±0.0636

December Spread (Stable) ±0.0118

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0502 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0502

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 0.6612) against the same month in 2022 (average: 0.7174), the exchange rate shifted by -0.0562 (-7.84%).

2023 Avg (April) 0.6612

2022 Avg (April) 0.7174

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6918	0.6618	0.6788
February	0.6912	0.6622	0.6784
March	0.6825	0.6502	0.6661
April	0.6969	0.6469	0.6612
May	0.6765	0.6545	0.6645
June	0.6685	0.6491	0.6594
July	0.6711	0.6489	0.6594
August	0.6579	0.6138	0.6372
September	0.6153	0.5516	0.5870
October	0.5887	0.5509	0.5677
November	0.5591	0.5182	0.5369
December	0.5307	0.5189	0.5247