2013 MKD to AOA Historical Review

YEARLY HIGH

2.2010 AOA

YEARLY LOW

1.9934 AOA

YEARLY AVERAGE

2.0744 AOA

2013 MKD to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2013

During 2013, the MKD to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on November 4, valuing the pair at 2.2010. Conversely, the yearly low was recorded on April 3, dropping to 1.9934.

This high-to-low spread represents a total annual volatility of 0.2076 AOA. From a start-to-finish perspective, comparing the January average rate of 2.0343 to the December average rate of 2.1709, the exchange rate registered a net change of 6.71% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2013 high of 2.2010 was up 6.21% compared to the 2012 peak of 2.0724, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11,005 AOA

2012 Average 9,962 AOA

Yearly Trough Low 9,967 AOA

Transaction Impact: A difference of 1,038.03 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2013.

2.1857

2.0081

JanuMarcMayJulySeptNove

MKD 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 2.0342, compared to 2.1146 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0804 points.

H1 Avg (Jan–Jun) 2.0342

H2 Avg (Jul–Dec) 2.1146

Volatility Range Comparison

Volatility

The most volatile month in 2013 was September, with a trading range of 0.0934 AOA (High: 2.1421 / Low: 2.0487). On the other end, January was the most stable month, with a tight range of 0.0074 AOA (High: 2.0372 / Low: 2.0298).

September Spread (Volatile) ±0.0934

January Spread (Stable) ±0.0074

Growth Streaks & Declines

Trends

Between July and October, 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 October and November, when the average rate fell by 0.0194 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0194

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2013: 2.1393) against the same month in 2012 (average: 2.0006), the exchange rate shifted by +0.1387 (+6.93%).

2013 Avg (November) 2.1393

2012 Avg (November) 2.0006

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.0372	2.0298	2.0343
February	2.0456	2.0370	2.0382
March	2.0519	2.0019	2.0296
April	2.0455	1.9934	2.0267
May	2.0435	2.0008	2.0229
June	2.0887	2.0030	2.0537
July	2.0671	2.0122	2.0460
August	2.0905	2.0670	2.0783
September	2.1421	2.0487	2.0941
October	2.1834	2.1340	2.1588
November	2.2010	2.1083	2.1393
December	2.1886	2.1407	2.1709