2022 TOP to AOA Historical Review

YEARLY HIGH

243.7528 AOA

YEARLY LOW

173.0731 AOA

YEARLY AVERAGE

197.9804 AOA

2022 TOP to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the TOP to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 243.7528. Conversely, the yearly low was recorded on May 11, dropping to 173.0731.

This high-to-low spread represents a total annual volatility of 70.6798 AOA. From a start-to-finish perspective, comparing the January average rate of 236.3234 to the December average rate of 215.0012, the exchange rate registered a net change of -9.02% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2022 high of 243.7528 was down 16.35% compared to the 2021 peak of 291.3922, 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 1,218,764 AOA

2021 Average 1,382,490 AOA

Yearly Trough Low 865,365 AOA

Transaction Impact: A difference of 353,398.81 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

242.2385

171.2569

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 203.0598, compared to 192.9009 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 10.1588 points.

H1 Avg (Jan–Jun) 203.0598

H2 Avg (Jul–Dec) 192.9009

Volatility Range Comparison

Volatility

The most volatile month in 2022 was October, with a trading range of 22.5212 AOA (High: 200.3811 / Low: 177.8600). On the other end, December was the most stable month, with a tight range of 3.3136 AOA (High: 216.7002 / Low: 213.3866).

October Spread (Volatile) ±22.5212

December Spread (Stable) ±3.3136

Growth Streaks & Declines

Trends

Between September and December, 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 February and March, when the average rate fell by 20.9818 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -20.9818

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2022: 236.3234) against the same month in 2021 (average: 287.4706), the exchange rate shifted by -51.1473 (-17.79%).

2022 Avg (January) 236.3234

2021 Avg (January) 287.4706

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	243.7528	232.4083	236.3234
February	233.1667	217.0257	226.9707
March	217.7215	199.1423	205.9889
April	197.5459	175.3972	186.7776
May	184.1293	173.0731	177.1720
June	187.5027	182.4269	185.1260
July	185.4032	181.5524	183.2240
August	185.3184	181.9672	183.7149
September	182.6875	177.7819	180.5207
October	200.3811	177.8600	185.1786
November	217.3009	200.9635	209.7662
December	216.7002	213.3866	215.0012