2014 AOA to TOP Historical Review

YEARLY HIGH

0.0201 TOP

YEARLY LOW

0.0184 TOP

YEARLY AVERAGE

0.0192 TOP

2014 AOA to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the AOA to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on November 10, valuing the pair at 0.0201. Conversely, the yearly low was recorded on April 13, dropping to 0.0184.

This high-to-low spread represents a total annual volatility of 0.0017 TOP. From a start-to-finish perspective, comparing the January average rate of 0.0191 to the December average rate of 0.0192, the exchange rate registered a net change of 0.92% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.0201 was up 1.52% compared to the 2013 peak of 0.0198, 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 101 TOP

2013 Average 93 TOP

Yearly Trough Low 92 TOP

Transaction Impact: A difference of 8.69 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.0200

0.0186

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 0.0190, compared to 0.0194 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0004 points.

H1 Avg (Jan–Jun) 0.0190

H2 Avg (Jul–Dec) 0.0194

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0009 TOP (High: 0.0199 / Low: 0.0190). On the other end, June was the most stable month, with a tight range of 0.0003 TOP (High: 0.0192 / Low: 0.0189).

September Spread (Volatile) ±0.0009

June Spread (Stable) ±0.0003

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 November and December, when the average rate fell by 0.0006 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0006

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2014: 0.0198) against the same month in 2013 (average: 0.0187), the exchange rate shifted by +0.0012 (+6.40%).

2014 Avg (November) 0.0198

2013 Avg (November) 0.0187

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0193	0.0189	0.0191
February	0.0193	0.0190	0.0192
March	0.0191	0.0187	0.0190
April	0.0190	0.0184	0.0187
May	0.0191	0.0186	0.0190
June	0.0192	0.0189	0.0190
July	0.0192	0.0185	0.0190
August	0.0193	0.0186	0.0190
September	0.0199	0.0190	0.0195
October	0.0200	0.0197	0.0199
November	0.0201	0.0194	0.0198
December	0.0195	0.0191	0.0192