2020 AOA to TOP Historical Review

YEARLY HIGH

0.0047 TOP

YEARLY LOW

0.0034 TOP

YEARLY AVERAGE

0.0040 TOP

2020 AOA to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the AOA to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 0.0047. Conversely, the yearly low was recorded on November 17, dropping to 0.0034.

This high-to-low spread represents a total annual volatility of 0.0013 TOP. From a start-to-finish perspective, comparing the January average rate of 0.0047 to the December average rate of 0.0035, the exchange rate registered a net change of -25.83% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.0047 was down 35.81% compared to the 2019 peak of 0.0074, 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 24 TOP

2019 Average 32 TOP

Yearly Trough Low 17 TOP

Transaction Impact: A difference of 6.50 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.0048

0.0034

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 0.0044, compared to 0.0037 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0007 points.

H1 Avg (Jan–Jun) 0.0044

H2 Avg (Jul–Dec) 0.0037

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0004 TOP (High: 0.0047 / Low: 0.0044). On the other end, December was the most stable month, with a tight range of 0.0000 TOP (High: 0.0035 / Low: 0.0035).

March Spread (Volatile) ±0.0004

December Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2020. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0004 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2020: 0.0047) against the same month in 2019 (average: 0.0073), the exchange rate shifted by -0.0026 (-35.72%).

2020 Avg (January) 0.0047

2019 Avg (January) 0.0073

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0047	0.0046	0.0047
February	0.0047	0.0047	0.0047
March	0.0047	0.0044	0.0046
April	0.0044	0.0041	0.0042
May	0.0042	0.0039	0.0041
June	0.0040	0.0038	0.0039
July	0.0041	0.0039	0.0040
August	0.0041	0.0038	0.0039
September	0.0038	0.0036	0.0037
October	0.0037	0.0035	0.0036
November	0.0035	0.0034	0.0035
December	0.0035	0.0035	0.0035