Afghani (AFN) To Naira (NGN) Lowest Exchange Rate

| November 13, 2018

This report analyzes the lowest exchange rate of Afghani (AFN) - Naira (NGN). The sections include the comparison to other similar currency pairs and losses during the lowest rate date. Additionally, you will find a section that analyzes how low other stronger currencies against AFN have gone.

The time range of analysis of this report is between 2014-12-01 and 2018-10-01. We will update this report regularly once in about 2 to 3 months.

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Below is a table of contents to help you navigate through the report.

  1. AFN/NGN Lowest Exchange Rate
  2. 1-Week, 1-Month and 1-Year Losses During AFN/NGN Lowest Rate
  3. Loss At Lowest Rate If You Had Bought Afghani (AFN) At Previous Highest Rate
  4. AFN/NGN Lowest Rate Compared To 3 Of The Strongest Currencies
  5. AFN/NGN Lowest Rate Compared To 3 Similar Currencies To Naira (NGN)
  6. AFN to NGN - Top 10 Monthly & Weekly Lowest Rates

Recommended Reading: AFN/NGN highest rate report will help you look at the best performance of the currency pair in detail (for the same timeframe of analysis as this report).

1 AFN/NGN Lowest Exchange Rate

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The lowest rate for AFN/NGN pair was 2.8492. The corresponding date was 2016-06-10. We will not just stop with mentioning the rate. Rather we will be using a common sense approach to assess the magnitude of the rate drop. The method is explained in the next paragraph.

We will begin by finding the year of occurrence of the lowest exchange rate. For that year, we will be computing the annual and monthly average rates. We will then compare both the averages against the lowest rate.

Below table lists the computed average rates as well as the difference between the lowest rate and the averages.

Duration Average Rate Lowest Rate Vs Averages
Year (2016)3.7140-23.28 %
Month (06-2016)3.9293-27.49 %

Below is a visual representation of the table you just saw. The below graph compares the average rates against the lowest rate of Afghani (AFN) - Naira (NGN).

Afghani (AFN) - Naira (NGN) Lowest Rate
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2 1-Week, 1-Month and 1-Year Losses During AFN/NGN Lowest Rate

Someone who invested in Naira (NGN) using Afghani (AFN) before the lowest rate day is bound to lose if he sold on that day. This section compares the losses one could have made by investing 1 week, 1 month and 1 year before the lowest exchange rate day.

Note: In case you see NA (Not Applicable) values in the below table that denotes a lack of data for the corresponding time range. For example, assume that the lowest rate was during the first week of the range of data used for this report. Then we will not be able to compute the value for someone who invested 1 year before.

Below table and graph represent the losses by investing in AFN/NGN pair (subject to data availability) for 1 week, 1 month and 1 year before 2016-06-10.

Days Before Lowest CloseClose (Rate)Losses(%)
1 Week 2016-06-032.8571-0.28 %
1 Month 2016-05-102.8954-1.6 %
1 Year 2015-06-103.3949-16.07 %
Afghani (AFN)-Naira (NGN) Stock Losses - Week, Month, Year

Subject to data availability, below table summarizes the impact on a 1000 NGN invested in AFN 1 week, 1 month and 1 year before the lowest close rate date.

Days Before Lowest RateLosses(%)What happens to 1000 NGN invested?
1 Week -0.28 %997.2
1 Month-1.6 %984
1 Year-16.07 %839.3

3 Loss At Lowest Rate If You Had Bought AFN At Previous Highest Rate

Buying at high and selling when low is worst case scenario for any Forex investor. This section helps you assess the potential damage for an investor who invested in AFN/NGN during the highest rate day that occurred before the lowest rate day of 2016-06-10.

Previous Highest Rate DateClose (Rate)Lowest Close RateLosses(%)
2015-02-133.58082.8492-20.43 %

Above table has shown the losses in percentage. Now let us check the impact on a 1000 NGN invested. As per the loss percentage shown in the above table, the 1000 NGN would have become 795.7.

4 AFN/NGN Lowest Rate Compared To 3 Of The Strongest Currencies

Now let us compare the lowest rate of AFN/NGN pair with three others formed by 3 of the strongest currencies against AFN. In other words, we will be analyzing 3 pairs with the selected strong currencies as quote currencies (denoted after the slash symbol.)

To pick the strongest currencies we follow a simple method. We just check those pairs with Afghani (AFN) as base currency (before slash symbol) which have exchange rates among the lowest for the recent 12 month period ending 2018-10-01. The corresponding quote currencies are among the strongest ones.

AFN-NGN Lowest Rate Vs Strong Currencies

Now we are going to analyze the potential impact of the lowest rate on investments. There is no straightforward way to do it. However, we are going to do a simple analysis that will give you an idea of the potential losses. We are going to measure and compare the differences between the lowest rates and the average rates for the recent 12 month period between 2017-10-01 and 2018-10-01.

Recommended Reading: Have a look at the similar section in the AFN/NGN highest rate report to learn more in detail about this method.

CurrencyPairLowest RateAvg RateLowest Vs Avg. Rates (%)Difference (%)
NairaAFN/NGN4.7124005.044955-6.59-
Unidad de FomentoAFN/CLF0.0003000.00030006.59
Kuwaiti DinarAFN/KWD0.0040000.004248-5.840.75
Bahraini DinarAFN/BHD0.0049000.005314-7.79-1.2

5 AFN/NGN Lowest Rate Compared To 3 Similar Currencies To AFN

In this section we are going to compare the performance ofAFN/NGN against similar rate pairs but with AFN as the base currency. In other words, the currency invested in will be the same in all the pairs under consideration. The range of observation is between 2014-12-01 and 2018-10-01

Below chart displays the lowest rates of NGN as well as 3 other similar currencies against AFN.

AFN to NGN Lowest Rate Alossest Similar Currencies

Below table lists the lowest rates of the currency pairs and a simple comparison. The final column shows the percentage difference between the lowest rates.

Note: A negative difference (last column value) for a currency pair indicates that the pair had lesser magnitude lowest rate than AFN/AFN.

CurrencyPairLowest RateDifference (%)
NairaAFN/NGN2.849200-
ForintAFN/HUF3.55010024.6
Yemeni RialAFN/YER3.0822008.18
TengeAFN/KZT2.9397003.18

6 AFN to NGN - Top 10 Monthly & Weekly Lowest Rates

This sections displays the monthly and weekly average lowest rates for the currency pair - AFN/NGN.

Top 10 Month-wise Highest Avg. Rates:

Month-YearAvg. Rate
February-20162.878758
May-20162.887021
January-20162.888077
March-20162.894060
April-20162.894878
December-20152.984597
November-20152.995448
October-20153.076954
September-20153.091984
December-20143.136729

Top 10 Weekly Highest Avg. Rates:

Week-YearAvg. Rate
Week 24-20162.854850
Week 23-20162.860450
Week 22-20162.869750
Week 7-20162.870317
Week 8-20162.873883
Week 21-20162.874929
Week 6-20162.882614
Week 13-20162.885120
Week 2-20162.885460
Week 5-20162.886450

Conclusion:

Hopefully, the report will help you in your forex investing

Disclaimer:

We have validated the data to the best of our knowledge. If you find data inaccuracies kindly let us know using the contact form so that we can act promptly.

Lowest Rate History Reports of Similar Currency Pairs:

Currency CodesCurrency Names
AFN-KZTAfghani Vs Tenge
AFN-HUFAfghani Vs Forint
AFN-YERAfghani Vs Yemeni Rial
AFN-SYPAfghani Vs Syrian Pound
AFN-GYDAfghani Vs Guyana Dollar
More Currency>>