2013 TOP to AOA Historical Review

YEARLY HIGH

55.6490 AOA

YEARLY LOW

50.4082 AOA

YEARLY AVERAGE

53.8903 AOA

2013 TOP to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2013

During 2013, the TOP to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on March 5, valuing the pair at 55.6490. Conversely, the yearly low was recorded on September 3, dropping to 50.4082.

This high-to-low spread represents a total annual volatility of 5.2408 AOA. From a start-to-finish perspective, comparing the January average rate of 55.2745 to the December average rate of 52.5469, the exchange rate registered a net change of -4.93% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2013 high of 55.6490 was down 1.95% compared to the 2012 peak of 56.7538, 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 278,245 AOA

2012 Average 274,550 AOA

Yearly Trough Low 252,041 AOA

Transaction Impact: A difference of 26,204.03 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2013.

55.8310

51.6465

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 54.9494, compared to 52.8312 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.1182 points.

H1 Avg (Jan–Jun) 54.9494

H2 Avg (Jul–Dec) 52.8312

Volatility Range Comparison

Volatility

The most volatile month in 2013 was September, with a trading range of 3.7480 AOA (High: 54.1562 / Low: 50.4082). On the other end, February was the most stable month, with a tight range of 0.4435 AOA (High: 55.6006 / Low: 55.1571).

September Spread (Volatile) ±3.7480

February Spread (Stable) ±0.4435

Growth Streaks & Declines

Trends

Between August and October, 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 June and July, when the average rate fell by 1.6698 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.6698

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2013: 55.0002) against the same month in 2012 (average: 56.3241), the exchange rate shifted by -1.3239 (-2.35%).

2013 Avg (March) 55.0002

2012 Avg (March) 56.3241

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	55.6111	55.0048	55.2745
February	55.6006	55.1571	55.4823
March	55.6490	54.7811	55.0002
April	55.5833	54.8019	55.1256
May	55.2266	54.3607	54.9573
June	55.2423	51.8580	53.8565
July	52.4652	51.7061	52.1867
August	52.5294	51.5041	51.9952
September	54.1562	50.4082	52.6564
October	54.5437	53.3833	53.9925
November	54.5444	52.3943	53.6095
December	52.8889	52.3934	52.5469