2011 AOA to MRO Historical Review

YEARLY HIGH

3.0977 MRO

YEARLY LOW

2.8758 MRO

YEARLY AVERAGE

2.9901 MRO

2011 AOA to MRO Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the AOA to MRO exchange rate experienced significant fluctuation. The market reached its absolute peak on February 25, valuing the pair at 3.0977. Conversely, the yearly low was recorded on May 15, dropping to 2.8758.

This high-to-low spread represents a total annual volatility of 0.2219 MRO. From a start-to-finish perspective, comparing the January average rate of 3.0231 to the December average rate of 3.0194, the exchange rate registered a net change of -0.12% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 3.0977 was down 2.56% compared to the 2010 peak of 3.1790, 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 15,488 MRO

2010 Average 14,926 MRO

Yearly Trough Low 14,379 MRO

Transaction Impact: A difference of 1,109.28 MRO purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

3.0458

2.9048

JanuMarcMayJulySeptNove

AOA to MRO 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 2.9823, compared to 2.9980 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0157 points.

H1 Avg (Jan–Jun) 2.9823

H2 Avg (Jul–Dec) 2.9980

Volatility Range Comparison

Volatility

The most volatile month in 2011 was February, with a trading range of 0.1495 MRO (High: 3.0977 / Low: 2.9481). On the other end, September was the most stable month, with a tight range of 0.0385 MRO (High: 3.0099 / Low: 2.9714).

February Spread (Volatile) ±0.1495

September Spread (Stable) ±0.0385

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 0.0784 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0784

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2011: 3.0316) against the same month in 2010 (average: 2.8635), the exchange rate shifted by +0.1680 (+5.87%).

2011 Avg (February) 3.0316

2010 Avg (February) 2.8635

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	3.0626	2.9687	3.0231
February	3.0977	2.9481	3.0316
March	3.0849	2.9660	3.0341
April	3.0423	2.9147	2.9557
May	2.9439	2.8758	2.9165
June	2.9646	2.8983	2.9327
July	2.9861	2.9264	2.9584
August	3.0311	2.9452	2.9851
September	3.0099	2.9714	2.9921
October	3.0721	2.9884	3.0332
November	3.0354	2.9546	2.9997
December	3.0363	2.9967	3.0194