2018 NGN to AOA Historical Review

YEARLY HIGH

0.8607 AOA

YEARLY LOW

0.4594 AOA

YEARLY AVERAGE

0.6967 AOA

2018 NGN to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the NGN to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on November 22, valuing the pair at 0.8607. Conversely, the yearly low was recorded on January 6, dropping to 0.4594.

This high-to-low spread represents a total annual volatility of 0.4013 AOA. From a start-to-finish perspective, comparing the January average rate of 0.4970 to the December average rate of 0.8487, the exchange rate registered a net change of 70.78% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 0.8607 was up 57.46% compared to the 2017 peak of 0.5466, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 860,684 AOA

2017 Average 499,322 AOA

Yearly Trough Low 459,399 AOA

Transaction Impact: A difference of 401,284.82 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

0.8885

0.4614

JanuMarcMayJulySeptNove

NGN 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 0.5995, compared to 0.7939 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1944 points.

H1 Avg (Jan–Jun) 0.5995

H2 Avg (Jul–Dec) 0.7939

Volatility Range Comparison

Volatility

The most volatile month in 2018 was January, with a trading range of 0.1170 AOA (High: 0.5764 / Low: 0.4594). On the other end, December was the most stable month, with a tight range of 0.0086 AOA (High: 0.8534 / Low: 0.8448).

January Spread (Volatile) ±0.1170

December Spread (Stable) ±0.0086

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 0.0042 points.

Longest Streak 10 Mo.

Sharpest MoM Drop -0.0042

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2018: 0.8529) against the same month in 2017 (average: 0.4615), the exchange rate shifted by +0.3913 (+84.79%).

2018 Avg (November) 0.8529

2017 Avg (November) 0.4615

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5764	0.4594	0.4970
February	0.5918	0.5745	0.5829
March	0.5988	0.5898	0.5945
April	0.6281	0.5948	0.6060
May	0.6645	0.6266	0.6449
June	0.6924	0.6583	0.6719
July	0.7127	0.6893	0.7023
August	0.7629	0.7115	0.7367
September	0.8093	0.7627	0.7887
October	0.8474	0.8147	0.8339
November	0.8607	0.8469	0.8529
December	0.8534	0.8448	0.8487