2014 MAD to AOA Historical Review

YEARLY HIGH

12.0862 AOA

YEARLY LOW

11.1333 AOA

YEARLY AVERAGE

11.6968 AOA

2014 MAD to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MAD to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on April 12, valuing the pair at 12.0862. Conversely, the yearly low was recorded on October 5, dropping to 11.1333.

This high-to-low spread represents a total annual volatility of 0.9529 AOA. From a start-to-finish perspective, comparing the January average rate of 11.8642 to the December average rate of 11.4167, the exchange rate registered a net change of -3.77% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 12.0862 was up 0.85% compared to the 2013 peak of 11.9845, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 60,431 AOA

2013 Average 57,399 AOA

Yearly Trough Low 55,666 AOA

Transaction Impact: A difference of 4,764.55 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

12.0957

11.2150

JanuMarcMayJulySeptNove

MAD 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 11.9275, compared to 11.4661 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4613 points.

H1 Avg (Jan–Jun) 11.9275

H2 Avg (Jul–Dec) 11.4661

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.2908 AOA (High: 11.5143 / Low: 11.2236). On the other end, June was the most stable month, with a tight range of 0.1011 AOA (High: 11.8952 / Low: 11.7941).

September Spread (Volatile) ±0.2908

June Spread (Stable) ±0.1011

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.2969 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.2969

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2014: 12.0223) against the same month in 2013 (average: 11.2452), the exchange rate shifted by +0.7772 (+6.91%).

2014 Avg (April) 12.0223

2013 Avg (April) 11.2452

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11.9471	11.7769	11.8642
February	11.9751	11.7592	11.8820
March	12.0762	11.9402	12.0048
April	12.0862	11.9293	12.0223
May	12.0811	11.8416	11.9492
June	11.8952	11.7941	11.8422
July	11.8726	11.6184	11.7458
August	11.7377	11.5053	11.6576
September	11.5143	11.2236	11.3607
October	11.3799	11.1333	11.2884
November	11.4359	11.1843	11.3276
December	11.5673	11.3449	11.4167