2015 TOP to AOA Historical Review

YEARLY HIGH

62.7996 AOA

YEARLY LOW

51.5112 AOA

YEARLY AVERAGE

56.3313 AOA

2015 TOP to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the TOP to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on September 24, valuing the pair at 62.7996. Conversely, the yearly low was recorded on February 3, dropping to 51.5112.

This high-to-low spread represents a total annual volatility of 11.2883 AOA. From a start-to-finish perspective, comparing the January average rate of 52.1962 to the December average rate of 60.3341, the exchange rate registered a net change of 15.59% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 62.7996 was up 15.56% compared to the 2014 peak of 54.3422, 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 313,998 AOA

2014 Average 260,605 AOA

Yearly Trough Low 257,556 AOA

Transaction Impact: A difference of 56,441.67 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

61.6626

51.3356

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 53.4543, compared to 59.2084 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 5.7541 points.

H1 Avg (Jan–Jun) 53.4543

H2 Avg (Jul–Dec) 59.2084

Volatility Range Comparison

Volatility

The most volatile month in 2015 was September, with a trading range of 7.3160 AOA (High: 62.7996 / Low: 55.4836). On the other end, January was the most stable month, with a tight range of 0.5351 AOA (High: 52.5167 / Low: 51.9816).

September Spread (Volatile) ±7.3160

January Spread (Stable) ±0.5351

Growth Streaks & Declines

Trends

Between January and July, 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 July and August, when the average rate fell by 0.9649 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.9649

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2015: 59.1471) against the same month in 2014 (average: 51.3751), the exchange rate shifted by +7.7721 (+15.13%).

2015 Avg (September) 59.1471

2014 Avg (September) 51.3751

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	52.5167	51.9816	52.1962
February	53.2998	51.5112	52.4080
March	53.4338	52.3271	53.0685
April	53.9681	53.3028	53.7208
May	54.4962	53.8330	54.1009
June	57.6165	52.5777	55.2311
July	58.3068	56.0297	57.5780
August	56.7092	55.5094	56.6130
September	62.7996	55.4836	59.1471
October	61.5500	60.2668	60.7761
November	61.2003	60.1584	60.8020
December	60.9924	59.4080	60.3341