2014 PHP to AOA Historical Review

YEARLY HIGH

2.2978 AOA

YEARLY LOW

2.1497 AOA

YEARLY AVERAGE

2.2148 AOA

2014 PHP to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the PHP to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 2.2978. Conversely, the yearly low was recorded on February 3, dropping to 2.1497.

This high-to-low spread represents a total annual volatility of 0.1480 AOA. From a start-to-finish perspective, comparing the January average rate of 2.1723 to the December average rate of 2.2841, the exchange rate registered a net change of 5.15% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 2.2978 was down 3.43% compared to the 2013 peak of 2.3795, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 PHP based on timing:

Yearly Peak High 574,446 AOA

2013 Average 568,642 AOA

Yearly Trough Low 537,435 AOA

Transaction Impact: A difference of 37,010.60 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

2.2953

2.1611

JanuMarcMayJulySeptNove

PHP 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 2.1964, compared to 2.2332 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0367 points.

H1 Avg (Jan–Jun) 2.1964

H2 Avg (Jul–Dec) 2.2332

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0596 AOA (High: 2.2421 / Low: 2.1825). On the other end, August was the most stable month, with a tight range of 0.0197 AOA (High: 2.2430 / Low: 2.2232).

September Spread (Volatile) ±0.0596

August Spread (Stable) ±0.0197

Growth Streaks & Declines

Trends

Between January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0175 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0175

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 2.2841) against the same month in 2013 (average: 2.2091), the exchange rate shifted by +0.0751 (+3.40%).

2014 Avg (December) 2.2841

2013 Avg (December) 2.2091

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.1987	2.1506	2.1723
February	2.1951	2.1497	2.1757
March	2.1996	2.1566	2.1804
April	2.2082	2.1731	2.1931
May	2.2448	2.1955	2.2268
June	2.2435	2.2166	2.2303
July	2.2480	2.2208	2.2358
August	2.2430	2.2232	2.2327
September	2.2421	2.1825	2.2151
October	2.2157	2.1878	2.2020
November	2.2447	2.2060	2.2293
December	2.2978	2.2529	2.2841