2014 NPR to AOA Historical Review

YEARLY HIGH

1.0436 AOA

YEARLY LOW

0.9672 AOA

YEARLY AVERAGE

1.0059 AOA

2014 NPR to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the NPR to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on May 25, valuing the pair at 1.0436. Conversely, the yearly low was recorded on January 27, dropping to 0.9672.

This high-to-low spread represents a total annual volatility of 0.0764 AOA. From a start-to-finish perspective, comparing the January average rate of 0.9830 to the December average rate of 1.0164, the exchange rate registered a net change of 3.39% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.0436 was down 7.46% compared to the 2013 peak of 1.1278, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,218 AOA

2013 Average 5,172 AOA

Yearly Trough Low 4,836 AOA

Transaction Impact: A difference of 382.01 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.0308

0.9754

JanuMarcMayJulySeptNove

NPR 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 1.0037, compared to 1.0081 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0044 points.

H1 Avg (Jan–Jun) 1.0037

H2 Avg (Jul–Dec) 1.0081

Volatility Range Comparison

Volatility

The most volatile month in 2014 was March, with a trading range of 0.0409 AOA (High: 1.0224 / Low: 0.9815). On the other end, August was the most stable month, with a tight range of 0.0107 AOA (High: 1.0078 / Low: 0.9971).

March Spread (Volatile) ±0.0409

August Spread (Stable) ±0.0107

Growth Streaks & Declines

Trends

Between February and May, 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 June and July, when the average rate fell by 0.0113 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0113

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2014: 1.0262) against the same month in 2013 (average: 1.0941), the exchange rate shifted by -0.0678 (-6.20%).

2014 Avg (May) 1.0262

2013 Avg (May) 1.0941

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9947	0.9672	0.9830
February	0.9858	0.9714	0.9800
March	1.0224	0.9815	0.9991
April	1.0230	1.0020	1.0121
May	1.0436	1.0124	1.0262
June	1.0327	1.0122	1.0217
July	1.0186	1.0032	1.0105
August	1.0078	0.9971	1.0024
September	1.0109	0.9946	1.0033
October	1.0122	0.9922	1.0027
November	1.0207	1.0038	1.0131
December	1.0323	1.0017	1.0164