2018 ERN to AOA Historical Review

YEARLY HIGH

310.4575 AOA

YEARLY LOW

165.9235 AOA

YEARLY AVERAGE

251.8624 AOA

2018 ERN to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the ERN to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on November 30, valuing the pair at 310.4575. Conversely, the yearly low was recorded on January 8, dropping to 165.9235.

This high-to-low spread represents a total annual volatility of 144.5340 AOA. From a start-to-finish perspective, comparing the January average rate of 178.9725 to the December average rate of 308.9413, the exchange rate registered a net change of 72.62% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 310.4575 was up 87.11% compared to the 2017 peak of 165.9235, 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 1,552,288 AOA

2017 Average 829,561 AOA

Yearly Trough Low 829,618 AOA

Transaction Impact: A difference of 722,670.00 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

323.0920

165.8707

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 215.9328, compared to 287.7921 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 71.8593 points.

H1 Avg (Jan–Jun) 215.9328

H2 Avg (Jul–Dec) 287.7921

Volatility Range Comparison

Volatility

The most volatile month in 2018 was January, with a trading range of 41.5265 AOA (High: 207.4500 / Low: 165.9235). On the other end, December was the most stable month, with a tight range of 2.1060 AOA (High: 310.4575 / Low: 308.3515).

January Spread (Volatile) ±41.5265

December Spread (Stable) ±2.1060

Growth Streaks & Declines

Trends

Between January and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 10 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 1.0489 points.

Longest Streak 10 Mo.

Sharpest MoM Drop -1.0489

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2018: 309.9902) against the same month in 2017 (average: 165.9229), the exchange rate shifted by +144.0673 (+86.83%).

2018 Avg (November) 309.9902

2017 Avg (November) 165.9229

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	207.4500	165.9235	178.9725
February	213.1375	206.9340	210.1149
March	215.4760	212.6250	214.1249
April	225.9520	214.1235	218.0594
May	239.4080	225.8400	232.2756
June	249.2635	237.3225	242.0496
July	256.9745	248.2675	253.2665
August	276.2165	256.9745	265.9810
September	294.4680	276.2165	285.5972
October	308.0180	296.3730	302.9763
November	310.4575	307.4370	309.9902
December	310.4575	308.3515	308.9413