2014 BIF to AOA Historical Review

YEARLY HIGH

0.0660 AOA

YEARLY LOW

0.0624 AOA

YEARLY AVERAGE

0.0633 AOA

2014 BIF to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the BIF to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 26, valuing the pair at 0.0660. Conversely, the yearly low was recorded on July 22, dropping to 0.0624.

This high-to-low spread represents a total annual volatility of 0.0036 AOA. From a start-to-finish perspective, comparing the January average rate of 0.0631 to the December average rate of 0.0652, the exchange rate registered a net change of 3.40% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.0660 was up 3.26% compared to the 2013 peak of 0.0639, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 330 AOA

2013 Average 311 AOA

Yearly Trough Low 312 AOA

Transaction Impact: A difference of 18.12 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.0655

0.0625

JanuMarcMayJulySeptNove

BIF 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 0.0631, compared to 0.0636 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0006 points.

H1 Avg (Jan–Jun) 0.0631

H2 Avg (Jul–Dec) 0.0636

Volatility Range Comparison

Volatility

The most volatile month in 2014 was October, with a trading range of 0.0016 AOA (High: 0.0641 / Low: 0.0625). On the other end, March was the most stable month, with a tight range of 0.0005 AOA (High: 0.0632 / Low: 0.0627).

October Spread (Volatile) ±0.0016

March Spread (Stable) ±0.0005

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0004 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.0652) against the same month in 2013 (average: 0.0631), the exchange rate shifted by +0.0021 (+3.33%).

2014 Avg (December) 0.0652

2013 Avg (December) 0.0631

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0634	0.0628	0.0631
February	0.0635	0.0627	0.0629
March	0.0632	0.0627	0.0629
April	0.0634	0.0628	0.0632
May	0.0635	0.0629	0.0632
June	0.0634	0.0628	0.0632
July	0.0631	0.0624	0.0628
August	0.0634	0.0628	0.0631
September	0.0635	0.0629	0.0632
October	0.0641	0.0625	0.0633
November	0.0646	0.0635	0.0642
December	0.0660	0.0646	0.0652