2014 TOP to AOA Historical Review

YEARLY HIGH

54.3422 AOA

YEARLY LOW

49.6511 AOA

YEARLY AVERAGE

52.1195 AOA

2014 TOP to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the TOP to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on April 13, valuing the pair at 54.3422. Conversely, the yearly low was recorded on November 10, dropping to 49.6511.

This high-to-low spread represents a total annual volatility of 4.6911 AOA. From a start-to-finish perspective, comparing the January average rate of 52.4562 to the December average rate of 51.9787, the exchange rate registered a net change of -0.91% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 54.3422 was down 2.35% compared to the 2013 peak of 55.6490, 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 271,711 AOA

2013 Average 269,390 AOA

Yearly Trough Low 248,255 AOA

Transaction Impact: A difference of 23,455.51 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

53.7206

50.0122

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 52.6629, compared to 51.5761 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.0868 points.

H1 Avg (Jan–Jun) 52.6629

H2 Avg (Jul–Dec) 51.5761

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 2.4993 AOA (High: 52.7695 / Low: 50.2702). On the other end, June was the most stable month, with a tight range of 0.7709 AOA (High: 52.8495 / Low: 52.0787).

September Spread (Volatile) ±2.4993

June Spread (Stable) ±0.7709

Growth Streaks & Declines

Trends

Between February and April, 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 August and September, when the average rate fell by 1.2487 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.2487

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2014: 53.4116) against the same month in 2013 (average: 55.1256), the exchange rate shifted by -1.7140 (-3.11%).

2014 Avg (April) 53.4116

2013 Avg (April) 55.1256

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	52.8496	51.9282	52.4562
February	52.6455	51.8207	52.1938
March	53.5015	52.2537	52.5986
April	54.3422	52.5266	53.4116
May	53.7554	52.2817	52.7458
June	52.8495	52.0787	52.5717
July	54.1208	52.0629	52.7724
August	53.7272	51.8490	52.6237
September	52.7695	50.2702	51.3751
October	50.7554	49.9370	50.3212
November	51.4580	49.6511	50.3857
December	52.2983	51.1723	51.9787