2019 NGN to AOA Historical Review

YEARLY HIGH

1.3769 AOA

YEARLY LOW

0.8475 AOA

YEARLY AVERAGE

1.0125 AOA

2019 NGN to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the NGN to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on October 29, valuing the pair at 1.3769. Conversely, the yearly low was recorded on January 2, dropping to 0.8475.

This high-to-low spread represents a total annual volatility of 0.5294 AOA. From a start-to-finish perspective, comparing the January average rate of 0.8536 to the December average rate of 1.3129, the exchange rate registered a net change of 53.80% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 1.3769 was up 59.98% compared to the 2018 peak of 0.8607, 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 1,376,912 AOA

2018 Average 697,271 AOA

Yearly Trough Low 847,519 AOA

Transaction Impact: A difference of 529,393.79 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

1.3588

0.8077

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 0.8946, compared to 1.1304 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2358 points.

H1 Avg (Jan–Jun) 0.8946

H2 Avg (Jul–Dec) 1.1304

Volatility Range Comparison

Volatility

The most volatile month in 2019 was October, with a trading range of 0.3324 AOA (High: 1.3769 / Low: 1.0445). On the other end, February was the most stable month, with a tight range of 0.0056 AOA (High: 0.8700 / Low: 0.8644).

October Spread (Volatile) ±0.3324

February Spread (Stable) ±0.0056

Growth Streaks & Declines

Trends

Between January and June, 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 June and July, when the average rate fell by 0.0152 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0152

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2019: 1.1818) against the same month in 2018 (average: 0.8339), the exchange rate shifted by +0.3479 (+41.72%).

2019 Avg (October) 1.1818

2018 Avg (October) 0.8339

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8604	0.8475	0.8536
February	0.8700	0.8644	0.8672
March	0.8837	0.8685	0.8771
April	0.8987	0.8801	0.8862
May	0.9179	0.8990	0.9079
June	1.1063	0.9179	0.9756
July	0.9710	0.9492	0.9604
August	1.1813	0.9734	1.0034
September	1.0436	0.9973	1.0163
October	1.3769	1.0445	1.1818
November	1.3722	1.2732	1.3077
December	1.3562	1.2623	1.3129