2016 TOP to AOA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 TOP to AOA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the TOP to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on November 9, valuing the pair at 76.0204. Conversely, the yearly low was recorded on January 10, dropping to 60.4619.
This high-to-low spread represents a total annual volatility of 15.5585 AOA. From a start-to-finish perspective, comparing the January average rate of 66.0376 to the December average rate of 72.7626, the exchange rate registered a net change of 10.18% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2016 high of 76.0204 was up 21.05% compared to the 2015 peak of 62.7996, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 TOP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2016.
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)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 71.1467, compared to 73.5497 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.4030 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was January, with a trading range of 9.0481 AOA (High: 69.5100 / Low: 60.4619). On the other end, September was the most stable month, with a tight range of 0.6876 AOA (High: 74.0381 / Low: 73.3505).
Growth Streaks & Declines
TrendsBetween January and June, 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 November and December, when the average rate fell by 1.2066 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2016: 73.9692) against the same month in 2015 (average: 60.8020), the exchange rate shifted by +13.1671 (+21.66%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 69.5100 | 60.4619 | 66.0376 |
| February | 70.1914 | 66.5435 | 69.1333 |
| March | 71.8625 | 69.9461 | 70.6733 |
| April | 75.0278 | 71.6315 | 73.5379 |
| May | 74.6507 | 72.7480 | 73.6296 |
| June | 74.8701 | 72.6065 | 73.8683 |
| July | 73.7899 | 72.1972 | 73.1153 |
| August | 73.7717 | 72.9146 | 73.3127 |
| September | 74.0381 | 73.3505 | 73.6213 |
| October | 75.1207 | 73.5125 | 74.5171 |
| November | 76.0204 | 72.3161 | 73.9692 |
| December | 73.9163 | 71.2346 | 72.7626 |