2018 TOP to AFN Historical Review

YEARLY HIGH

33.6778 AFN

YEARLY LOW

27.8977 AFN

YEARLY AVERAGE

31.8497 AFN

2018 TOP to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the TOP to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 16, valuing the pair at 33.6778. Conversely, the yearly low was recorded on November 18, dropping to 27.8977.

This high-to-low spread represents a total annual volatility of 5.7801 AFN. From a start-to-finish perspective, comparing the January average rate of 31.0592 to the December average rate of 33.1958, the exchange rate registered a net change of 6.88% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 33.6778 was up 7.27% compared to the 2017 peak of 31.3958, 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 168,389 AFN

2017 Average 149,999 AFN

Yearly Trough Low 139,489 AFN

Transaction Impact: A difference of 28,900.31 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

33.4094

30.8455

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 31.3145, compared to 32.3849 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.0704 points.

H1 Avg (Jan–Jun) 31.3145

H2 Avg (Jul–Dec) 32.3849

Volatility Range Comparison

Volatility

The most volatile month in 2018 was November, with a trading range of 5.3356 AFN (High: 33.2333 / Low: 27.8977). On the other end, October was the most stable month, with a tight range of 0.3746 AFN (High: 32.9869 / Low: 32.6123).

November Spread (Volatile) ±5.3356

October Spread (Stable) ±0.3746

Growth Streaks & Declines

Trends

Between May and July, 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 April and May, when the average rate fell by 0.0855 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0855

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2018: 33.1958) against the same month in 2017 (average: 30.2604), the exchange rate shifted by +2.9354 (+9.70%).

2018 Avg (December) 33.1958

2017 Avg (December) 30.2604

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	31.4121	30.7012	31.0592
February	31.6255	30.9808	31.3239
March	31.4367	31.0430	31.2400
April	31.8053	31.0695	31.4709
May	31.9141	30.8708	31.3853
June	31.8118	31.1859	31.4079
July	31.9228	30.8285	31.4804
August	31.8255	31.2492	31.4782
September	32.9148	31.8032	32.4580
October	32.9869	32.6123	32.8587
November	33.2333	27.8977	32.8386
December	33.6778	32.5652	33.1958