2011 TOP to AOA Historical Review

YEARLY HIGH

57.8313 AOA

YEARLY LOW

49.0546 AOA

YEARLY AVERAGE

53.3772 AOA

2011 TOP to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the TOP to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on August 10, valuing the pair at 57.8313. Conversely, the yearly low was recorded on January 13, dropping to 49.0546.

This high-to-low spread represents a total annual volatility of 8.7767 AOA. From a start-to-finish perspective, comparing the January average rate of 49.8292 to the December average rate of 54.6324, the exchange rate registered a net change of 9.64% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 57.8313 was up 15.02% compared to the 2010 peak of 50.2781, 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 289,157 AOA

2010 Average 238,266 AOA

Yearly Trough Low 245,273 AOA

Transaction Impact: A difference of 43,883.64 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

57.5544

49.1269

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 51.1883, compared to 55.5660 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 4.3777 points.

H1 Avg (Jan–Jun) 51.1883

H2 Avg (Jul–Dec) 55.5660

Volatility Range Comparison

Volatility

The most volatile month in 2011 was July, with a trading range of 3.7327 AOA (High: 57.7000 / Low: 53.9673). On the other end, February was the most stable month, with a tight range of 0.2573 AOA (High: 50.3165 / Low: 50.0592).

July Spread (Volatile) ±3.7327

February Spread (Stable) ±0.2573

Growth Streaks & Declines

Trends

Between March and August, 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 August and September, when the average rate fell by 0.9787 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.9787

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2011: 56.8521) against the same month in 2010 (average: 47.5378), the exchange rate shifted by +9.3143 (+19.59%).

2011 Avg (August) 56.8521

2010 Avg (August) 47.5378

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	50.1500	49.0546	49.8292
February	50.3165	50.0592	50.1647
March	50.4862	49.9173	50.1252
April	52.3501	49.9599	50.8181
May	53.0614	52.3501	52.7240
June	54.0699	53.1693	53.4687
July	57.7000	53.9673	55.2702
August	57.8313	56.3391	56.8521
September	57.2995	54.2328	55.8734
October	56.2872	53.9159	55.2475
November	56.3728	53.2178	55.5205
December	55.5159	54.0421	54.6324