2014 MRO to AOA Historical Review

YEARLY HIGH

0.3530 AOA

YEARLY LOW

0.3285 AOA

YEARLY AVERAGE

0.3366 AOA

2014 MRO to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MRO to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 8, valuing the pair at 0.3530. Conversely, the yearly low was recorded on March 30, dropping to 0.3285.

This high-to-low spread represents a total annual volatility of 0.0245 AOA. From a start-to-finish perspective, comparing the January average rate of 0.3359 to the December average rate of 0.3508, the exchange rate registered a net change of 4.45% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.3530 was down 3.42% compared to the 2013 peak of 0.3655, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,765 AOA

2013 Average 1,645 AOA

Yearly Trough Low 1,642 AOA

Transaction Impact: A difference of 122.40 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.3527

0.3295

JanuMarcMayJulySeptNove

MRO 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 0.3340, compared to 0.3393 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0053 points.

H1 Avg (Jan–Jun) 0.3340

H2 Avg (Jul–Dec) 0.3393

Volatility Range Comparison

Volatility

The most volatile month in 2014 was November, with a trading range of 0.0097 AOA (High: 0.3472 / Low: 0.3374). On the other end, June was the most stable month, with a tight range of 0.0032 AOA (High: 0.3359 / Low: 0.3327).

November Spread (Volatile) ±0.0097

June Spread (Stable) ±0.0032

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0024 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0024

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.3508) against the same month in 2013 (average: 0.3347), the exchange rate shifted by +0.0161 (+4.80%).

2014 Avg (December) 0.3508

2013 Avg (December) 0.3347

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3382	0.3349	0.3359
February	0.3385	0.3333	0.3356
March	0.3358	0.3285	0.3338
April	0.3344	0.3290	0.3315
May	0.3348	0.3296	0.3328
June	0.3359	0.3327	0.3342
July	0.3358	0.3314	0.3332
August	0.3366	0.3322	0.3348
September	0.3376	0.3326	0.3357
October	0.3421	0.3354	0.3378
November	0.3472	0.3374	0.3433
December	0.3530	0.3486	0.3508