2014 AOA to NGN Historical Review

YEARLY HIGH

1.8129 NGN

YEARLY LOW

1.6234 NGN

YEARLY AVERAGE

1.6789 NGN

2014 AOA to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the AOA to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 23, valuing the pair at 1.8129. Conversely, the yearly low was recorded on January 9, dropping to 1.6234.

This high-to-low spread represents a total annual volatility of 0.1895 NGN. From a start-to-finish perspective, comparing the January average rate of 1.6393 to the December average rate of 1.7836, the exchange rate registered a net change of 8.81% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.8129 was up 6.43% compared to the 2013 peak of 1.7033, 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 9,064 NGN

2013 Average 8,253 NGN

Yearly Trough Low 8,117 NGN

Transaction Impact: A difference of 947.42 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.7981

1.6248

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 1.6646, compared to 1.6932 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0286 points.

H1 Avg (Jan–Jun) 1.6646

H2 Avg (Jul–Dec) 1.6932

Volatility Range Comparison

Volatility

The most volatile month in 2014 was November, with a trading range of 0.1048 NGN (High: 1.7705 / Low: 1.6657). On the other end, July was the most stable month, with a tight range of 0.0079 NGN (High: 1.6737 / Low: 1.6658).

November Spread (Volatile) ±0.1048

July Spread (Stable) ±0.0079

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0293 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0293

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 1.7836) against the same month in 2013 (average: 1.6304), the exchange rate shifted by +0.1533 (+9.40%).

2014 Avg (December) 1.7836

2013 Avg (December) 1.6304

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.6670	1.6234	1.6393
February	1.6953	1.6657	1.6788
March	1.6915	1.6809	1.6875
April	1.6798	1.6415	1.6582
May	1.6668	1.6255	1.6545
June	1.6760	1.6586	1.6695
July	1.6737	1.6658	1.6690
August	1.6674	1.6433	1.6575
September	1.6753	1.6616	1.6669
October	1.6804	1.6553	1.6691
November	1.7705	1.6657	1.7130
December	1.8129	1.7588	1.7836