2022 TOP to AFN Historical Review

YEARLY HIGH

46.4604 AFN

YEARLY LOW

34.8178 AFN

YEARLY AVERAGE

38.6660 AFN

2022 TOP to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the TOP to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 18, valuing the pair at 46.4604. Conversely, the yearly low was recorded on October 12, dropping to 34.8178.

This high-to-low spread represents a total annual volatility of 11.6426 AFN. From a start-to-finish perspective, comparing the January average rate of 45.9435 to the December average rate of 37.2713, the exchange rate registered a net change of -18.88% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2022 high of 46.4604 was down 9.73% compared to the 2021 peak of 51.4684, 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 232,302 AFN

2021 Average 184,176 AFN

Yearly Trough Low 174,089 AFN

Transaction Impact: A difference of 58,212.80 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

46.9661

34.6951

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 40.1766, compared to 37.1555 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 3.0210 points.

H1 Avg (Jan–Jun) 40.1766

H2 Avg (Jul–Dec) 37.1555

Volatility Range Comparison

Volatility

The most volatile month in 2022 was February, with a trading range of 3.8366 AFN (High: 43.9371 / Low: 40.1005). On the other end, December was the most stable month, with a tight range of 1.0275 AFN (High: 37.7553 / Low: 36.7278).

February Spread (Volatile) ±3.8366

December Spread (Stable) ±1.0275

Growth Streaks & Declines

Trends

Between October and December, 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 January and February, when the average rate fell by 4.8015 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -4.8015

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2022: 45.9435) against the same month in 2021 (average: 33.8967), the exchange rate shifted by +12.0468 (+35.54%).

2022 Avg (January) 45.9435

2021 Avg (January) 33.8967

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	46.4604	44.9651	45.9435
February	43.9371	40.1005	41.1420
March	40.2295	37.9446	39.1917
April	39.3955	37.0746	38.5495
May	39.1254	36.8693	37.9516
June	38.8298	37.3901	38.2810
July	38.6812	37.1447	37.7359
August	38.9872	37.3332	38.2227
September	37.6356	36.1812	37.1333
October	36.4682	34.8178	35.7177
November	37.8087	36.0997	36.8522
December	37.7553	36.7278	37.2713