2020 TOP to AOA Historical Review

YEARLY HIGH

290.1301 AOA

YEARLY LOW

210.6288 AOA

YEARLY AVERAGE

251.6000 AOA

2020 TOP to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the TOP to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on November 17, valuing the pair at 290.1301. Conversely, the yearly low was recorded on January 6, dropping to 210.6288.

This high-to-low spread represents a total annual volatility of 79.5013 AOA. From a start-to-finish perspective, comparing the January average rate of 212.8486 to the December average rate of 286.9715, the exchange rate registered a net change of 34.82% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 290.1301 was up 35.11% compared to the 2019 peak of 214.7348, 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 1,450,651 AOA

2019 Average 795,441 AOA

Yearly Trough Low 1,053,144 AOA

Transaction Impact: A difference of 397,506.66 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

294.9423

205.3856

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 231.0905, compared to 272.1095 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 41.0190 points.

H1 Avg (Jan–Jun) 231.0905

H2 Avg (Jul–Dec) 272.1095

Volatility Range Comparison

Volatility

The most volatile month in 2020 was August, with a trading range of 21.8572 AOA (High: 265.0539 / Low: 243.1968). On the other end, February was the most stable month, with a tight range of 2.0531 AOA (High: 214.3680 / Low: 212.3149).

August Spread (Volatile) ±21.8572

February Spread (Stable) ±2.0531

Growth Streaks & Declines

Trends

Between 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 June and July, when the average rate fell by 9.9448 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -9.9448

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2020: 287.4792) against the same month in 2019 (average: 204.4264), the exchange rate shifted by +83.0529 (+40.63%).

2020 Avg (November) 287.4792

2019 Avg (November) 204.4264

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	215.7954	210.6288	212.8486
February	214.3680	212.3149	213.4987
March	229.0954	211.0103	216.5262
April	243.8028	228.5074	239.0964
May	257.5848	235.9222	244.7729
June	266.3928	252.2528	259.8000
July	255.6135	243.1968	249.8552
August	265.0539	243.1968	256.9295
September	275.5767	266.4465	271.5006
October	287.0193	273.1252	279.9209
November	290.1301	282.3019	287.4792
December	289.0133	285.7593	286.9715