2011 AFN to AOA Historical Review

YEARLY HIGH

2.2000 AOA

YEARLY LOW

1.9522 AOA

YEARLY AVERAGE

2.1173 AOA

2011 AFN to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the AFN to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on September 21, valuing the pair at 2.2000. Conversely, the yearly low was recorded on September 27, dropping to 1.9522.

This high-to-low spread represents a total annual volatility of 0.2478 AOA. From a start-to-finish perspective, comparing the January average rate of 2.1548 to the December average rate of 2.0429, the exchange rate registered a net change of -5.19% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 2.2000 was up 2.30% compared to the 2010 peak of 2.1505, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11,000 AOA

2010 Average 10,158 AOA

Yearly Trough Low 9,761 AOA

Transaction Impact: A difference of 1,238.93 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

2.1856

1.9402

JanuMarcMayJulySeptNove

AFN to AOA 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 2.1612, compared to 2.0734 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0878 points.

H1 Avg (Jan–Jun) 2.1612

H2 Avg (Jul–Dec) 2.0734

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.2478 AOA (High: 2.2000 / Low: 1.9522). On the other end, August was the most stable month, with a tight range of 0.0053 AOA (High: 2.1687 / Low: 2.1634).

September Spread (Volatile) ±0.2478

August Spread (Stable) ±0.0053

Growth Streaks & Declines

Trends

Between March and May, 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 September and October, when the average rate fell by 0.1747 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.1747

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2011: 2.1354) against the same month in 2010 (average: 2.0555), the exchange rate shifted by +0.0799 (+3.89%).

2011 Avg (September) 2.1354

2010 Avg (September) 2.0555

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.1607	2.1479	2.1548
February	2.1676	2.1606	2.1616
March	2.1673	2.1564	2.1614
April	2.1675	2.1619	2.1629
May	2.1693	2.1617	2.1638
June	2.1680	2.1472	2.1624
July	2.1682	2.1625	2.1638
August	2.1687	2.1634	2.1652
September	2.2000	1.9522	2.1354
October	1.9642	1.9549	1.9606
November	2.0816	1.9646	1.9726
December	2.0793	1.9646	2.0429