2014 AOA to CVE Historical Review

YEARLY HIGH

0.8922 CVE

YEARLY LOW

0.8041 CVE

YEARLY AVERAGE

0.8415 CVE

2014 AOA to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the AOA to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on October 5, valuing the pair at 0.8922. Conversely, the yearly low was recorded on March 14, dropping to 0.8041.

This high-to-low spread represents a total annual volatility of 0.0881 CVE. From a start-to-finish perspective, comparing the January average rate of 0.8265 to the December average rate of 0.8746, the exchange rate registered a net change of 5.82% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.8922 was down 0.73% compared to the 2013 peak of 0.8987, 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 4,461 CVE

2013 Average 4,298 CVE

Yearly Trough Low 4,020 CVE

Transaction Impact: A difference of 440.52 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.8848

0.8062

JanuMarcMayJulySeptNove

AOA to CVE 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 0.8200, compared to 0.8630 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0430 points.

H1 Avg (Jan–Jun) 0.8200

H2 Avg (Jul–Dec) 0.8630

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0280 CVE (High: 0.8834 / Low: 0.8555). On the other end, June was the most stable month, with a tight range of 0.0085 CVE (High: 0.8311 / Low: 0.8226).

September Spread (Volatile) ±0.0280

June Spread (Stable) ±0.0085

Growth Streaks & Declines

Trends

Between March and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0106 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0106

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2014: 0.8781) against the same month in 2013 (average: 0.8263), the exchange rate shifted by +0.0518 (+6.27%).

2014 Avg (October) 0.8781

2013 Avg (October) 0.8263

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8327	0.8175	0.8265
February	0.8343	0.8153	0.8234
March	0.8219	0.8041	0.8128
April	0.8211	0.8071	0.8129
May	0.8265	0.8057	0.8176
June	0.8311	0.8226	0.8267
July	0.8450	0.8221	0.8332
August	0.8551	0.8340	0.8425
September	0.8834	0.8555	0.8710
October	0.8922	0.8682	0.8781
November	0.8872	0.8692	0.8783
December	0.8825	0.8624	0.8746