2011 AOA to TOP Historical Review

YEARLY HIGH

0.0204 TOP

YEARLY LOW

0.0173 TOP

YEARLY AVERAGE

0.0188 TOP

2011 AOA to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the AOA to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 13, valuing the pair at 0.0204. Conversely, the yearly low was recorded on August 10, dropping to 0.0173.

This high-to-low spread represents a total annual volatility of 0.0031 TOP. From a start-to-finish perspective, comparing the January average rate of 0.0201 to the December average rate of 0.0183, the exchange rate registered a net change of -8.79% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.0204 was down 7.56% compared to the 2010 peak of 0.0221, 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 102 TOP

2010 Average 105 TOP

Yearly Trough Low 86 TOP

Transaction Impact: A difference of 15.47 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.0203

0.0173

JanuMarcMayJulySeptNove

AOA to TOP 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 0.0196, compared to 0.0180 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0015 points.

H1 Avg (Jan–Jun) 0.0196

H2 Avg (Jul–Dec) 0.0180

Volatility Range Comparison

Volatility

The most volatile month in 2011 was July, with a trading range of 0.0012 TOP (High: 0.0185 / Low: 0.0173). On the other end, February was the most stable month, with a tight range of 0.0001 TOP (High: 0.0200 / Low: 0.0199).

July Spread (Volatile) ±0.0012

February Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between August and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0007 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0007

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 0.0201) against the same month in 2010 (average: 0.0212), the exchange rate shifted by -0.0011 (-5.25%).

2011 Avg (January) 0.0201

2010 Avg (January) 0.0212

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0204	0.0199	0.0201
February	0.0200	0.0199	0.0199
March	0.0200	0.0198	0.0200
April	0.0200	0.0191	0.0197
May	0.0191	0.0188	0.0190
June	0.0188	0.0185	0.0187
July	0.0185	0.0173	0.0181
August	0.0177	0.0173	0.0176
September	0.0184	0.0175	0.0179
October	0.0185	0.0178	0.0181
November	0.0188	0.0177	0.0180
December	0.0185	0.0180	0.0183