2014 TMT to AFN Historical Review

YEARLY HIGH

58.4055 AFN

YEARLY LOW

55.9500 AFN

YEARLY AVERAGE

57.0007 AFN

2014 TMT to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the TMT to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 58.4055. Conversely, the yearly low was recorded on January 10, dropping to 55.9500.

This high-to-low spread represents a total annual volatility of 2.4554 AFN. From a start-to-finish perspective, comparing the January average rate of 56.2630 to the December average rate of 58.0021, the exchange rate registered a net change of 3.09% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 58.4055 was up 0.01% compared to the 2013 peak of 58.4000, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 292,027 AFN

2013 Average 273,829 AFN

Yearly Trough Low 279,750 AFN

Transaction Impact: A difference of 12,277.25 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

58.1760

56.0891

JanuMarcMayJulySeptNove

TMT 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 56.8370, compared to 57.1644 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3274 points.

H1 Avg (Jan–Jun) 56.8370

H2 Avg (Jul–Dec) 57.1644

Volatility Range Comparison

Volatility

The most volatile month in 2014 was July, with a trading range of 1.7669 AFN (High: 57.7602 / Low: 55.9933). On the other end, March was the most stable month, with a tight range of 0.6337 AFN (High: 57.2450 / Low: 56.6113).

July Spread (Volatile) ±1.7669

March Spread (Stable) ±0.6337

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.5787 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.5787

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 58.0021) against the same month in 2013 (average: 57.0470), the exchange rate shifted by +0.9551 (+1.67%).

2014 Avg (December) 58.0021

2013 Avg (December) 57.0470

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	57.3177	55.9500	56.2630
February	57.1661	56.3190	56.7309
March	57.2450	56.6113	56.9474
April	57.2589	56.0900	56.8163
May	57.1033	56.2674	56.8484
June	58.1455	56.9655	57.4157
July	57.7602	55.9933	56.8843
August	56.8629	56.0647	56.3056
September	57.2066	56.2336	56.7737
October	57.9283	56.9280	57.3060
November	58.1016	57.4134	57.7146
December	58.4055	57.7446	58.0021