2014 AOA to ALL Historical Review

YEARLY HIGH

1.1366 ALL

YEARLY LOW

1.0293 ALL

YEARLY AVERAGE

1.0728 ALL

2014 AOA to ALL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the AOA to ALL exchange rate experienced significant fluctuation. The market reached its absolute peak on October 5, valuing the pair at 1.1366. Conversely, the yearly low was recorded on May 6, dropping to 1.0293.

This high-to-low spread represents a total annual volatility of 0.1073 ALL. From a start-to-finish perspective, comparing the January average rate of 1.0568 to the December average rate of 1.1152, the exchange rate registered a net change of 5.53% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.1366 was down 0.76% compared to the 2013 peak of 1.1453, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,683 ALL

2013 Average 5,477 ALL

Yearly Trough Low 5,147 ALL

Transaction Impact: A difference of 536.39 ALL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.1249

1.0285

JanuMarcMayJulySeptNove

AOA to ALL 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 1.0474, compared to 1.0981 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0507 points.

H1 Avg (Jan–Jun) 1.0474

H2 Avg (Jul–Dec) 1.0981

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0393 ALL (High: 1.1261 / Low: 1.0868). On the other end, June was the most stable month, with a tight range of 0.0088 ALL (High: 1.0589 / Low: 1.0501).

September Spread (Volatile) ±0.0393

June Spread (Stable) ±0.0088

Growth Streaks & Declines

Trends

Between April and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0140 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0140

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2014: 1.1148) against the same month in 2013 (average: 1.0611), the exchange rate shifted by +0.0537 (+5.06%).

2014 Avg (October) 1.1148

2013 Avg (October) 1.0611

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0647	1.0458	1.0568
February	1.0679	1.0424	1.0537
March	1.0445	1.0336	1.0397
April	1.0439	1.0304	1.0365
May	1.0540	1.0293	1.0432
June	1.0589	1.0501	1.0548
July	1.0713	1.0519	1.0628
August	1.0870	1.0614	1.0696
September	1.1261	1.0868	1.1094
October	1.1366	1.1032	1.1148
November	1.1273	1.1079	1.1169
December	1.1239	1.0985	1.1152