YEARLY HIGH
291.3922 AOA
YEARLY LOW
241.9980 AOA
YEARLY AVERAGE
276.5623 AOA

2021 TOP to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the TOP to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on May 19, valuing the pair at 291.3922. Conversely, the yearly low was recorded on December 30, dropping to 241.9980.

This high-to-low spread represents a total annual volatility of 49.3942 AOA. From a start-to-finish perspective, comparing the January average rate of 287.4706 to the December average rate of 246.7128, the exchange rate registered a net change of -14.18% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 291.3922 was up 0.44% compared to the 2020 peak of 290.1301, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,456,961 AOA
2020 Average 1,258,338 AOA
Yearly Trough Low 1,209,990 AOA
Transaction Impact: A difference of 246,970.93 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

293.1401
242.4921
JanuMarcMayJulySeptNove

TOP 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 284.0040, compared to 269.1207 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 14.8833 points.

H1 Avg (Jan–Jun) 284.0040
H2 Avg (Jul–Dec) 269.1207

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 19.7968 AOA (High: 267.0581 / Low: 247.2612). On the other end, October was the most stable month, with a tight range of 3.4804 AOA (High: 267.2971 / Low: 263.8167).

November Spread (Volatile) ±19.7968
October Spread (Stable) ±3.4804

Growth Streaks & Declines

Trends

Between March and May, 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 November and December, when the average rate fell by 15.7714 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -15.7714

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2021: 288.9194) against the same month in 2020 (average: 244.7729), the exchange rate shifted by +44.1466 (+18.04%).

2021 Avg (May) 288.9194
2020 Avg (May) 244.7729

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 289.9787 285.3677 287.4706
February 286.0102 279.9042 283.9646
March 275.7841 269.6903 273.0538
April 290.4317 274.1139 282.5961
May 291.3922 285.4312 288.9194
June 289.4403 284.5553 288.0193
July 286.4997 282.2708 284.3433
August 283.4808 278.3212 281.4375
September 282.7190 263.2334 274.4149
October 267.2971 263.8167 265.3312
November 267.0581 247.2612 262.4842
December 249.2079 241.9980 246.7128