2021 AOA to GNF Historical Review

YEARLY HIGH

17.0586 GNF

YEARLY LOW

15.0148 GNF

YEARLY AVERAGE

15.7282 GNF

2021 AOA to GNF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the AOA to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 17.0586. Conversely, the yearly low was recorded on May 9, dropping to 15.0148.

This high-to-low spread represents a total annual volatility of 2.0438 GNF. From a start-to-finish perspective, comparing the January average rate of 15.5639 to the December average rate of 16.7008, the exchange rate registered a net change of 7.30% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 17.0586 was down 14.30% compared to the 2020 peak of 19.9056, 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 85,293 GNF

2020 Average 83,850 GNF

Yearly Trough Low 75,074 GNF

Transaction Impact: A difference of 10,218.75 GNF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

16.8545

15.0100

JanuMarcMayJulySeptNove

AOA to GNF 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 15.5440, compared to 15.9124 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3684 points.

H1 Avg (Jan–Jun) 15.5440

H2 Avg (Jul–Dec) 15.9124

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 0.8607 GNF (High: 15.9304 / Low: 15.0697). On the other end, August was the most stable month, with a tight range of 0.1675 GNF (High: 15.4427 / Low: 15.2752).

April Spread (Volatile) ±0.8607

August Spread (Stable) ±0.1675

Growth Streaks & Declines

Trends

Between May and October, 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 March and April, when the average rate fell by 0.6668 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.6668

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 16.7008) against the same month in 2020 (average: 15.1726), the exchange rate shifted by +1.5281 (+10.07%).

2021 Avg (December) 16.7008

2020 Avg (December) 15.1726

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	15.7351	15.2895	15.5639
February	15.9543	15.4231	15.6059
March	16.3911	15.9370	16.1726
April	15.9304	15.0697	15.5058
May	15.3090	15.0148	15.1637
June	15.3037	15.1264	15.2523
July	15.3947	15.1917	15.2769
August	15.4427	15.2752	15.3499
September	16.2950	15.4434	15.8264
October	16.3210	16.1366	16.2411
November	16.6992	15.9009	16.0794
December	17.0586	16.3729	16.7008