2014 AFN to AOA Historical Review

YEARLY HIGH

1.7687 AOA

YEARLY LOW

1.6795 AOA

YEARLY AVERAGE

1.7251 AOA

2014 AFN to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the AFN to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 26, valuing the pair at 1.7687. Conversely, the yearly low was recorded on June 13, dropping to 1.6795.

This high-to-low spread represents a total annual volatility of 0.0892 AOA. From a start-to-finish perspective, comparing the January average rate of 1.7361 to the December average rate of 1.7595, the exchange rate registered a net change of 1.35% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.7687 was down 5.79% compared to the 2013 peak of 1.8774, 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 8,843 AOA

2013 Average 8,819 AOA

Yearly Trough Low 8,398 AOA

Transaction Impact: A difference of 445.76 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.7653

1.6954

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 1.7189, compared to 1.7314 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0124 points.

H1 Avg (Jan–Jun) 1.7189

H2 Avg (Jul–Dec) 1.7314

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.0472 AOA (High: 1.7503 / Low: 1.7030). On the other end, March was the most stable month, with a tight range of 0.0192 AOA (High: 1.7241 / Low: 1.7050).

January Spread (Volatile) ±0.0472

March Spread (Stable) ±0.0192

Growth Streaks & Declines

Trends

Between June and August, 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 May and June, when the average rate fell by 0.0183 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0183

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 1.7595) against the same month in 2013 (average: 1.7115), the exchange rate shifted by +0.0480 (+2.81%).

2014 Avg (December) 1.7595

2013 Avg (December) 1.7115

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.7503	1.7030	1.7361
February	1.7332	1.7074	1.7206
March	1.7241	1.7050	1.7145
April	1.7427	1.7063	1.7218
May	1.7397	1.7097	1.7195
June	1.7164	1.6795	1.7012
July	1.7311	1.6879	1.7093
August	1.7465	1.7178	1.7364
September	1.7361	1.7112	1.7242
October	1.7311	1.7096	1.7222
November	1.7518	1.7215	1.7367
December	1.7687	1.7451	1.7595