2012 TOP to AOA Historical Review

YEARLY HIGH

56.7538 AOA

YEARLY LOW

52.9609 AOA

YEARLY AVERAGE

54.9148 AOA

2012 TOP to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the TOP to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on March 5, valuing the pair at 56.7538. Conversely, the yearly low was recorded on May 28, dropping to 52.9609.

This high-to-low spread represents a total annual volatility of 3.7929 AOA. From a start-to-finish perspective, comparing the January average rate of 54.5538 to the December average rate of 55.0590, the exchange rate registered a net change of 0.93% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2012 high of 56.7538 was down 1.86% compared to the 2011 peak of 57.8313, 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 283,769 AOA

2011 Average 266,988 AOA

Yearly Trough Low 264,805 AOA

Transaction Impact: A difference of 18,964.57 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

56.6332

52.9242

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 55.0711, compared to 54.7584 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3128 points.

H1 Avg (Jan–Jun) 55.0711

H2 Avg (Jul–Dec) 54.7584

Volatility Range Comparison

Volatility

The most volatile month in 2012 was May, with a trading range of 3.7690 AOA (High: 56.7299 / Low: 52.9609). On the other end, June was the most stable month, with a tight range of 0.5131 AOA (High: 53.5083 / Low: 52.9951).

May Spread (Volatile) ±3.7690

June Spread (Stable) ±0.5131

Growth Streaks & Declines

Trends

Between June and December, 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 April and May, when the average rate fell by 1.6511 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -1.6511

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2012: 56.3241) against the same month in 2011 (average: 50.1252), the exchange rate shifted by +6.1989 (+12.37%).

2012 Avg (March) 56.3241

2011 Avg (March) 50.1252

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	55.8634	54.0388	54.5538
February	56.6761	55.6976	56.1430
March	56.7538	55.4980	56.3241
April	56.4513	55.5499	55.9120
May	56.7299	52.9609	54.2608
June	53.5083	52.9951	53.2333
July	54.9372	53.0647	54.3641
August	54.9882	54.0819	54.5049
September	55.5855	53.9865	54.7836
October	55.3878	54.2431	54.8154
November	55.8820	53.7879	55.0233
December	55.2862	54.2655	55.0590