2023 AOA to ETB Historical Review

YEARLY HIGH

0.1075 ETB

YEARLY LOW

0.0661 ETB

YEARLY AVERAGE

0.0841 ETB

2023 AOA to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the AOA to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on April 6, valuing the pair at 0.1075. Conversely, the yearly low was recorded on July 8, dropping to 0.0661.

This high-to-low spread represents a total annual volatility of 0.0415 ETB. From a start-to-finish perspective, comparing the January average rate of 0.1065 to the December average rate of 0.0676, the exchange rate registered a net change of -36.52% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1075 was down 15.84% compared to the 2022 peak of 0.1278, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 538 ETB

2022 Average 569 ETB

Yearly Trough Low 330 ETB

Transaction Impact: A difference of 207.42 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1108

0.0624

JanuMarcMayJulySeptNove

AOA to ETB 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 0.1012, compared to 0.0670 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0342 points.

H1 Avg (Jan–Jun) 0.1012

H2 Avg (Jul–Dec) 0.0670

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0265 ETB (High: 0.0926 / Low: 0.0661). On the other end, September was the most stable month, with a tight range of 0.0007 ETB (High: 0.0670 / Low: 0.0663).

June Spread (Volatile) ±0.0265

September Spread (Stable) ±0.0007

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0242 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0242

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 0.1067) against the same month in 2022 (average: 0.1214), the exchange rate shifted by -0.0147 (-12.11%).

2023 Avg (April) 0.1067

2022 Avg (April) 0.1214

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1068	0.1060	0.1065
February	0.1071	0.1057	0.1064
March	0.1068	0.1050	0.1062
April	0.1075	0.1053	0.1067
May	0.1070	0.0931	0.1027
June	0.0926	0.0661	0.0785
July	0.0668	0.0661	0.0664
August	0.0671	0.0662	0.0667
September	0.0670	0.0663	0.0667
October	0.0676	0.0667	0.0672
November	0.0679	0.0663	0.0672
December	0.0681	0.0670	0.0676