2014 TOP to AFN Historical Review

YEARLY HIGH

31.8550 AFN

YEARLY LOW

28.7551 AFN

YEARLY AVERAGE

30.2155 AFN

2014 TOP to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the TOP to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 31.8550. Conversely, the yearly low was recorded on November 12, dropping to 28.7551.

This high-to-low spread represents a total annual volatility of 3.0999 AFN. From a start-to-finish perspective, comparing the January average rate of 30.2161 to the December average rate of 29.5421, the exchange rate registered a net change of -2.23% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 31.8550 was down 0.69% compared to the 2013 peak of 32.0753, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 159,275 AFN

2013 Average 152,786 AFN

Yearly Trough Low 143,775 AFN

Transaction Impact: A difference of 15,499.71 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

31.2228

28.8115

JanuMarcMayJulySeptNove

TOP 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 30.6387, compared to 29.7924 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.8463 points.

H1 Avg (Jan–Jun) 30.6387

H2 Avg (Jul–Dec) 29.7924

Volatility Range Comparison

Volatility

The most volatile month in 2014 was July, with a trading range of 1.6366 AFN (High: 31.8550 / Low: 30.2184). On the other end, December was the most stable month, with a tight range of 0.5402 AFN (High: 29.7714 / Low: 29.2312).

July Spread (Volatile) ±1.6366

December Spread (Stable) ±0.5402

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.5755 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.5755

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2014: 30.8770) against the same month in 2013 (average: 30.3474), the exchange rate shifted by +0.5296 (+1.75%).

2014 Avg (July) 30.8770

2013 Avg (July) 30.3474

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	30.8250	29.9424	30.2161
February	30.8205	29.9372	30.3359
March	31.1533	30.4828	30.6784
April	31.5495	30.4607	31.0219
May	31.3788	30.3415	30.6759
June	31.3476	30.4755	30.9039
July	31.8550	30.2184	30.8770
August	30.7635	29.8974	30.3068
September	30.4098	29.1555	29.7957
October	29.5440	28.9711	29.2202
November	29.6858	28.7551	29.0125
December	29.7714	29.2312	29.5421