2012 ERN to AOA Historical Review

YEARLY HIGH

99.2030 AOA

YEARLY LOW

94.1980 AOA

YEARLY AVERAGE

95.4152 AOA

2012 ERN to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the ERN to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on July 12, valuing the pair at 99.2030. Conversely, the yearly low was recorded on March 20, dropping to 94.1980.

This high-to-low spread represents a total annual volatility of 5.0050 AOA. From a start-to-finish perspective, comparing the January average rate of 94.9861 to the December average rate of 95.7914, the exchange rate registered a net change of 0.85% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2012 high of 99.2030 was up 4.12% compared to the 2011 peak of 95.2779, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 496,015 AOA

2011 Average 467,746 AOA

Yearly Trough Low 470,990 AOA

Transaction Impact: A difference of 25,025.15 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

96.8411

94.8175

JanuMarcMayJulySeptNove

ERN 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 95.0960, compared to 95.7344 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6384 points.

H1 Avg (Jan–Jun) 95.0960

H2 Avg (Jul–Dec) 95.7344

Volatility Range Comparison

Volatility

The most volatile month in 2012 was July, with a trading range of 3.9585 AOA (High: 99.2030 / Low: 95.2445). On the other end, August was the most stable month, with a tight range of 0.1550 AOA (High: 95.5100 / Low: 95.3550).

July Spread (Volatile) ±3.9585

August Spread (Stable) ±0.1550

Growth Streaks & Declines

Trends

Between January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 1.2449 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -1.2449

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2012: 96.6724) against the same month in 2011 (average: 93.0938), the exchange rate shifted by +3.5787 (+3.84%).

2012 Avg (July) 96.6724

2011 Avg (July) 93.0938

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	95.2043	94.7672	94.9861
February	95.1915	94.8708	95.0136
March	95.2080	94.1980	95.0188
April	95.2365	94.9894	95.1238
May	95.3501	95.0217	95.1930
June	95.4180	94.8789	95.2407
July	99.2030	95.2445	96.6724
August	95.5100	95.3550	95.4275
September	95.7510	95.3890	95.4480
October	95.7244	95.4128	95.4757
November	95.7107	95.4791	95.5913
December	95.8680	95.6856	95.7914