2011 VUV to AOA Historical Review

YEARLY HIGH

1.0814 AOA

YEARLY LOW

0.9728 AOA

YEARLY AVERAGE

1.0276 AOA

2011 VUV to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the VUV to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on July 29, valuing the pair at 1.0814. Conversely, the yearly low was recorded on January 12, dropping to 0.9728.

This high-to-low spread represents a total annual volatility of 0.1086 AOA. From a start-to-finish perspective, comparing the January average rate of 0.9891 to the December average rate of 1.0232, the exchange rate registered a net change of 3.46% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 1.0814 was up 6.44% compared to the 2010 peak of 1.0160, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 VUV based on timing:

Yearly Peak High 5,407 AOA

2010 Average 4,728 AOA

Yearly Trough Low 4,864 AOA

Transaction Impact: A difference of 543.03 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

1.0627

0.9824

JanuMarcMayJulySeptNove

VUV 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 1.0154, compared to 1.0398 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0244 points.

H1 Avg (Jan–Jun) 1.0154

H2 Avg (Jul–Dec) 1.0398

Volatility Range Comparison

Volatility

The most volatile month in 2011 was August, with a trading range of 0.0537 AOA (High: 1.0732 / Low: 1.0195). On the other end, June was the most stable month, with a tight range of 0.0232 AOA (High: 1.0585 / Low: 1.0353).

August Spread (Volatile) ±0.0537

June Spread (Stable) ±0.0232

Growth Streaks & Declines

Trends

Between March and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0162 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0162

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2011: 1.0560) against the same month in 2010 (average: 0.9238), the exchange rate shifted by +0.1321 (+14.30%).

2011 Avg (July) 1.0560

2010 Avg (July) 0.9238

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0061	0.9728	0.9891
February	1.0112	0.9873	0.9968
March	1.0105	0.9825	0.9962
April	1.0431	1.0051	1.0197
May	1.0593	1.0218	1.0418
June	1.0585	1.0353	1.0490
July	1.0814	1.0340	1.0560
August	1.0732	1.0195	1.0434
September	1.0619	1.0237	1.0435
October	1.0539	1.0053	1.0331
November	1.0604	1.0102	1.0395
December	1.0461	1.0052	1.0232