2018 TOP to AOA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2018.
2018 TOP to AOA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2018
During 2018, the TOP to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 137.0056. Conversely, the yearly low was recorded on January 2, dropping to 73.0494.
This high-to-low spread represents a total annual volatility of 63.9562 AOA. From a start-to-finish perspective, comparing the January average rate of 79.6863 to the December average rate of 135.6708, the exchange rate registered a net change of 70.26% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2018 high of 137.0056 was up 80.82% compared to the 2017 peak of 75.7704, 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 2018.
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 96.2381, compared to 125.0625 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 28.8244 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2018 was January, with a trading range of 20.6658 AOA (High: 93.7152 / Low: 73.0494). On the other end, March was the most stable month, with a tight range of 1.5517 AOA (High: 96.9985 / Low: 95.4467).
Growth Streaks & Declines
TrendsBetween January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2018: 135.6708) against the same month in 2017 (average: 72.5237), the exchange rate shifted by +63.1472 (+87.07%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 93.7152 | 73.0494 | 79.6863 |
| February | 96.5111 | 93.6839 | 94.8950 |
| March | 96.9985 | 95.4467 | 96.3072 |
| April | 101.7518 | 95.7859 | 98.0599 |
| May | 104.6552 | 99.5721 | 102.5596 |
| June | 108.1686 | 104.0555 | 105.9206 |
| July | 110.7726 | 106.5800 | 109.4109 |
| August | 119.5464 | 111.2185 | 115.1165 |
| September | 127.4456 | 119.5464 | 123.6063 |
| October | 133.7072 | 128.2701 | 131.4446 |
| November | 135.5701 | 133.7521 | 135.1259 |
| December | 137.0056 | 134.4528 | 135.6708 |