2014 ARS to AOA Historical Review

YEARLY HIGH

14.9769 AOA

YEARLY LOW

11.5873 AOA

YEARLY AVERAGE

12.1570 AOA

2014 ARS to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the ARS to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 14.9769. Conversely, the yearly low was recorded on October 5, dropping to 11.5873.

This high-to-low spread represents a total annual volatility of 3.3896 AOA. From a start-to-finish perspective, comparing the January average rate of 14.0597 to the December average rate of 11.9433, the exchange rate registered a net change of -15.05% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 14.9769 was down 23.20% compared to the 2013 peak of 19.5020, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 ARS based on timing:

Yearly Peak High 74,885 AOA

2013 Average 88,546 AOA

Yearly Trough Low 57,937 AOA

Transaction Impact: A difference of 16,948.02 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

14.3026

11.3877

JanuMarcMayJulySeptNove

ARS to AOA 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 12.5344, compared to 11.7797 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.7547 points.

H1 Avg (Jan–Jun) 12.5344

H2 Avg (Jul–Dec) 11.7797

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 2.7986 AOA (High: 14.9769 / Low: 12.1783). On the other end, September was the most stable month, with a tight range of 0.0744 AOA (High: 11.6680 / Low: 11.5936).

January Spread (Volatile) ±2.7986

September Spread (Stable) ±0.0744

Growth Streaks & Declines

Trends

Between September and December, 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 January and February, when the average rate fell by 1.6398 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.6398

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2014: 14.0597) against the same month in 2013 (average: 19.3836), the exchange rate shifted by -5.3239 (-27.47%).

2014 Avg (January) 14.0597

2013 Avg (January) 19.3836

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	14.9769	12.1783	14.0597
February	12.5642	12.1726	12.4198
March	12.4104	12.2054	12.3209
April	12.2678	12.1803	12.2229
May	12.2363	12.0936	12.1626
June	12.1140	11.9975	12.0204
July	11.9990	11.8262	11.9245
August	11.8750	11.5996	11.7628
September	11.6680	11.5936	11.6306
October	11.6810	11.5873	11.6413
November	11.8524	11.6489	11.7757
December	12.1311	11.8344	11.9433