2020 CDF to AOA Historical Review

YEARLY HIGH

0.4396 AOA

YEARLY LOW

0.2811 AOA

YEARLY AVERAGE

0.3124 AOA

2020 CDF to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the CDF to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 6, valuing the pair at 0.4396. Conversely, the yearly low was recorded on July 30, dropping to 0.2811.

This high-to-low spread represents a total annual volatility of 0.1585 AOA. From a start-to-finish perspective, comparing the January average rate of 0.2899 to the December average rate of 0.3361, the exchange rate registered a net change of 15.96% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.4396 was up 46.44% compared to the 2019 peak of 0.3002, 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 2,198 AOA

2019 Average 1,102 AOA

Yearly Trough Low 1,405 AOA

Transaction Impact: A difference of 792.54 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.3411

0.2852

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 0.3062, compared to 0.3187 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0125 points.

H1 Avg (Jan–Jun) 0.3062

H2 Avg (Jul–Dec) 0.3187

Volatility Range Comparison

Volatility

The most volatile month in 2020 was December, with a trading range of 0.1078 AOA (High: 0.4396 / Low: 0.3318). On the other end, February was the most stable month, with a tight range of 0.0041 AOA (High: 0.2946 / Low: 0.2905).

December Spread (Volatile) ±0.1078

February Spread (Stable) ±0.0041

Growth Streaks & Declines

Trends

Between July and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0223 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0223

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 0.3361) against the same month in 2019 (average: 0.2837), the exchange rate shifted by +0.0524 (+18.49%).

2020 Avg (December) 0.3361

2019 Avg (December) 0.2837

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2947	0.2855	0.2899
February	0.2946	0.2905	0.2925
March	0.3154	0.2884	0.2984
April	0.3306	0.3137	0.3250
May	0.3234	0.3043	0.3163
June	0.3252	0.3011	0.3151
July	0.3058	0.2811	0.2928
August	0.3063	0.2812	0.2985
September	0.3207	0.3086	0.3160
October	0.3551	0.3209	0.3323
November	0.3393	0.3288	0.3364
December	0.4396	0.3318	0.3361