2024 TOP to AOA Historical Review

YEARLY HIGH

408.5975 AOA

YEARLY LOW

345.7923 AOA

YEARLY AVERAGE

367.9437 AOA

2024 TOP to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the TOP to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on October 2, valuing the pair at 408.5975. Conversely, the yearly low was recorded on April 29, dropping to 345.7923.

This high-to-low spread represents a total annual volatility of 62.8051 AOA. From a start-to-finish perspective, comparing the January average rate of 352.5688 to the December average rate of 381.4163, the exchange rate registered a net change of 8.18% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 408.5975 was up 14.53% compared to the 2023 peak of 356.7598, 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 2,042,987 AOA

2023 Average 1,451,617 AOA

Yearly Trough Low 1,728,962 AOA

Transaction Impact: A difference of 314,025.65 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

400.2659

345.9404

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 354.0923, compared to 381.7952 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 27.7029 points.

H1 Avg (Jan–Jun) 354.0923

H2 Avg (Jul–Dec) 381.7952

Volatility Range Comparison

Volatility

The most volatile month in 2024 was October, with a trading range of 26.2216 AOA (High: 408.5975 / Low: 382.3759). On the other end, December was the most stable month, with a tight range of 2.5057 AOA (High: 383.3738 / Low: 380.8681).

October Spread (Volatile) ±26.2216

December Spread (Stable) ±2.5057

Growth Streaks & Declines

Trends

Between April and September, 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 September and October, when the average rate fell by 8.2649 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -8.2649

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2024: 387.4739) against the same month in 2023 (average: 345.3034), the exchange rate shifted by +42.1704 (+12.21%).

2024 Avg (October) 387.4739

2023 Avg (October) 345.3034

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	356.7978	350.1711	352.5688
February	352.2861	345.8764	350.9665
March	354.9031	349.4060	352.3114
April	353.0043	345.7923	350.4675
May	362.7009	350.2538	355.9641
June	363.6393	361.0539	362.2754
July	371.6696	364.1159	368.4216
August	388.1068	368.6975	376.2674
September	403.7013	389.9980	395.7388
October	408.5975	382.3759	387.4739
November	383.1233	378.9979	381.4532
December	383.3738	380.8681	381.4163