2011 NIO to AOA Historical Review

YEARLY HIGH

4.6896 AOA

YEARLY LOW

4.1115 AOA

YEARLY AVERAGE

4.2917 AOA

2011 NIO to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the NIO to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on February 7, valuing the pair at 4.6896. Conversely, the yearly low was recorded on August 4, dropping to 4.1115.

This high-to-low spread represents a total annual volatility of 0.5781 AOA. From a start-to-finish perspective, comparing the January average rate of 4.6713 to the December average rate of 4.1356, the exchange rate registered a net change of -11.47% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 4.6896 was down 6.77% compared to the 2010 peak of 5.0299, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 23,448 AOA

2010 Average 23,441 AOA

Yearly Trough Low 20,557 AOA

Transaction Impact: A difference of 2,890.43 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

4.7301

4.0736

JanuMarcMayJulySeptNove

NIO 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 4.4344, compared to 4.1490 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2854 points.

H1 Avg (Jan–Jun) 4.4344

H2 Avg (Jul–Dec) 4.1490

Volatility Range Comparison

Volatility

The most volatile month in 2011 was April, with a trading range of 0.4805 AOA (High: 4.6622 / Low: 4.1816). On the other end, March was the most stable month, with a tight range of 0.0135 AOA (High: 4.6742 / Low: 4.6607).

April Spread (Volatile) ±0.4805

March Spread (Stable) ±0.0135

Growth Streaks & Declines

Trends

Between August and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.4126 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.4126

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2011: 4.6754) against the same month in 2010 (average: 4.6662), the exchange rate shifted by +0.0092 (+0.20%).

2011 Avg (February) 4.6754

2010 Avg (February) 4.6662

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	4.6799	4.6623	4.6713
February	4.6896	4.6688	4.6754
March	4.6742	4.6607	4.6667
April	4.6622	4.1816	4.2541
May	4.1919	4.1673	4.1785
June	4.1673	4.1511	4.1602
July	4.1571	4.1360	4.1446
August	4.1541	4.1115	4.1283
September	4.1718	4.1225	4.1470
October	4.1821	4.1638	4.1744
November	4.1817	4.1460	4.1640
December	4.1530	4.1212	4.1356