2014 CDF to AOA Historical Review

YEARLY HIGH

0.1115 AOA

YEARLY LOW

0.1048 AOA

YEARLY AVERAGE

0.1065 AOA

2014 CDF to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the CDF to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 0.1115. Conversely, the yearly low was recorded on July 22, dropping to 0.1048.

This high-to-low spread represents a total annual volatility of 0.0067 AOA. From a start-to-finish perspective, comparing the January average rate of 0.1057 to the December average rate of 0.1102, the exchange rate registered a net change of 4.28% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.1115 was up 4.86% compared to the 2013 peak of 0.1063, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 557 AOA

2013 Average 523 AOA

Yearly Trough Low 524 AOA

Transaction Impact: A difference of 33.45 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.1107

0.1049

JanuMarcMayJulySeptNove

CDF 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 0.1059, compared to 0.1071 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0012 points.

H1 Avg (Jan–Jun) 0.1059

H2 Avg (Jul–Dec) 0.1071

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.0025 AOA (High: 0.1115 / Low: 0.1090). On the other end, January was the most stable month, with a tight range of 0.0007 AOA (High: 0.1060 / Low: 0.1053).

December Spread (Volatile) ±0.0025

January Spread (Stable) ±0.0007

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 0.0005 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0005

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.1102) against the same month in 2013 (average: 0.1057), the exchange rate shifted by +0.0045 (+4.22%).

2014 Avg (December) 0.1102

2013 Avg (December) 0.1057

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1060	0.1053	0.1057
February	0.1065	0.1055	0.1058
March	0.1062	0.1055	0.1058
April	0.1066	0.1055	0.1060
May	0.1067	0.1057	0.1060
June	0.1066	0.1051	0.1058
July	0.1059	0.1048	0.1054
August	0.1063	0.1056	0.1059
September	0.1065	0.1052	0.1060
October	0.1075	0.1063	0.1067
November	0.1091	0.1070	0.1083
December	0.1115	0.1090	0.1102