2011 AOA to NGN Historical Review

YEARLY HIGH

1.7348 NGN

YEARLY LOW

1.5950 NGN

YEARLY AVERAGE

1.6662 NGN

2011 AOA to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the AOA to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 1.7348. Conversely, the yearly low was recorded on August 25, dropping to 1.5950.

This high-to-low spread represents a total annual volatility of 0.1398 NGN. From a start-to-finish perspective, comparing the January average rate of 1.6459 to the December average rate of 1.7127, the exchange rate registered a net change of 4.06% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 1.7348 was up 2.25% compared to the 2010 peak of 1.6967, 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 8,674 NGN

2010 Average 8,235 NGN

Yearly Trough Low 7,975 NGN

Transaction Impact: A difference of 699.11 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

1.7204

1.6279

JanuMarcMayJulySeptNove

AOA to NGN 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 1.6617, compared to 1.6708 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0091 points.

H1 Avg (Jan–Jun) 1.6617

H2 Avg (Jul–Dec) 1.6708

Volatility Range Comparison

Volatility

The most volatile month in 2011 was August, with a trading range of 0.0799 NGN (High: 1.6749 / Low: 1.5950). On the other end, February was the most stable month, with a tight range of 0.0177 NGN (High: 1.6543 / Low: 1.6366).

August Spread (Volatile) ±0.0799

February Spread (Stable) ±0.0177

Growth Streaks & Declines

Trends

Between July and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0379 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0379

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 1.7127) against the same month in 2010 (average: 1.6567), the exchange rate shifted by +0.0560 (+3.38%).

2011 Avg (December) 1.7127

2010 Avg (December) 1.6567

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.6643	1.6348	1.6459
February	1.6543	1.6366	1.6441
March	1.6888	1.6506	1.6674
April	1.6695	1.6477	1.6619
May	1.6953	1.6598	1.6770
June	1.6848	1.6361	1.6736
July	1.6444	1.6154	1.6356
August	1.6749	1.5950	1.6499
September	1.6829	1.6486	1.6643
October	1.7333	1.6605	1.6889
November	1.6990	1.6554	1.6732
December	1.7348	1.6978	1.7127