2011 AOA to VEF Historical Review

YEARLY HIGH

0.0465 VEF

YEARLY LOW

0.0451 VEF

YEARLY AVERAGE

0.0459 VEF

2011 AOA to VEF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the AOA to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.0465. Conversely, the yearly low was recorded on November 23, dropping to 0.0451.

This high-to-low spread represents a total annual volatility of 0.0014 VEF. From a start-to-finish perspective, comparing the January average rate of 0.0463 to the December average rate of 0.0453, the exchange rate registered a net change of -2.27% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.0465 was down 4.37% compared to the 2010 peak of 0.0487, 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 233 VEF

2010 Average 231 VEF

Yearly Trough Low 226 VEF

Transaction Impact: A difference of 7.06 VEF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.0465

0.0451

JanuMarcMayJulySeptNove

AOA to VEF 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 0.0462, compared to 0.0457 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.0462

H2 Avg (Jul–Dec) 0.0457

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.0007 VEF (High: 0.0461 / Low: 0.0454). On the other end, August was the most stable month, with a tight range of 0.0001 VEF (High: 0.0462 / Low: 0.0461).

September Spread (Volatile) ±0.0007

August Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2011. Conversely, the sharpest month-over-month decline occurred between September and October, 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 2011: 0.0463) against the same month in 2010 (average: 0.0401), the exchange rate shifted by +0.0062 (+15.47%).

2011 Avg (January) 0.0463

2010 Avg (January) 0.0401

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0465	0.0462	0.0463
February	0.0463	0.0461	0.0462
March	0.0463	0.0460	0.0462
April	0.0462	0.0460	0.0462
May	0.0462	0.0460	0.0462
June	0.0462	0.0460	0.0462
July	0.0462	0.0460	0.0462
August	0.0462	0.0461	0.0461
September	0.0461	0.0454	0.0457
October	0.0455	0.0452	0.0454
November	0.0453	0.0451	0.0452
December	0.0453	0.0452	0.0453