2017 TOP to AOA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 TOP to AOA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the TOP to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on August 18, valuing the pair at 75.7704. Conversely, the yearly low was recorded on May 6, dropping to 70.6871.
This high-to-low spread represents a total annual volatility of 5.0832 AOA. From a start-to-finish perspective, comparing the January average rate of 72.0863 to the December average rate of 72.5237, the exchange rate registered a net change of 0.61% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2017 high of 75.7704 was down 0.33% compared to the 2016 peak of 76.0204, 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 2017.
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 72.4799, compared to 74.0345 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.5547 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was July, with a trading range of 2.4426 AOA (High: 75.4261 / Low: 72.9835). On the other end, April was the most stable month, with a tight range of 0.8526 AOA (High: 72.5116 / Low: 71.6591).
Growth Streaks & Declines
TrendsBetween May and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 1.0628 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2017: 75.2923) against the same month in 2016 (average: 73.3127), the exchange rate shifted by +1.9796 (+2.70%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 72.5943 | 71.5078 | 72.0863 |
| February | 73.9172 | 72.3740 | 73.4236 |
| March | 73.8113 | 71.9385 | 72.5606 |
| April | 72.5116 | 71.6591 | 72.2426 |
| May | 72.2086 | 70.6871 | 71.6342 |
| June | 73.9219 | 72.2580 | 72.9319 |
| July | 75.4261 | 72.9835 | 74.1830 |
| August | 75.7704 | 74.1463 | 75.2923 |
| September | 75.7200 | 74.2639 | 74.9926 |
| October | 74.6234 | 73.1635 | 74.1392 |
| November | 73.5967 | 72.2030 | 73.0764 |
| December | 73.2917 | 72.0510 | 72.5237 |