2011 AOA to BIF Historical Review

YEARLY HIGH

13.9267 BIF

YEARLY LOW

12.1466 BIF

YEARLY AVERAGE

12.9262 BIF

2011 AOA to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the AOA to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 13, valuing the pair at 13.9267. Conversely, the yearly low was recorded on March 21, dropping to 12.1466.

This high-to-low spread represents a total annual volatility of 1.7801 BIF. From a start-to-finish perspective, comparing the January average rate of 12.2416 to the December average rate of 13.5874, the exchange rate registered a net change of 10.99% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 13.9267 was up 8.53% compared to the 2010 peak of 12.8325, 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 69,634 BIF

2010 Average 61,932 BIF

Yearly Trough Low 60,733 BIF

Transaction Impact: A difference of 8,900.41 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

13.7242

12.0828

JanuMarcMayJulySeptNove

AOA to BIF 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 12.6817, compared to 13.1708 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4892 points.

H1 Avg (Jan–Jun) 12.6817

H2 Avg (Jul–Dec) 13.1708

Volatility Range Comparison

Volatility

The most volatile month in 2011 was April, with a trading range of 1.0457 BIF (High: 13.2402 / Low: 12.1945). On the other end, February was the most stable month, with a tight range of 0.0812 BIF (High: 12.2571 / Low: 12.1759).

April Spread (Volatile) ±1.0457

February Spread (Stable) ±0.0812

Growth Streaks & Declines

Trends

Between March and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.1061 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.1061

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 13.5874) against the same month in 2010 (average: 12.3125), the exchange rate shifted by +1.2750 (+10.36%).

2011 Avg (December) 13.5874

2010 Avg (December) 12.3125

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.3129	12.1684	12.2416
February	12.2571	12.1759	12.2288
March	12.2820	12.1466	12.2196
April	13.2402	12.1945	13.0641
May	13.2221	13.1036	13.1605
June	13.2462	13.1026	13.1753
July	13.2475	13.1199	13.1790
August	13.3070	13.1000	13.1868
September	13.1958	13.0030	13.0807
October	13.0464	12.9278	12.9816
November	13.4134	12.9045	13.0093
December	13.9267	12.9553	13.5874