2023 AOA to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 AOA to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the AOA to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 27, valuing the pair at 17.4508. Conversely, the yearly low was recorded on November 5, dropping to 10.2645.
This high-to-low spread represents a total annual volatility of 7.1863 GNF. From a start-to-finish perspective, comparing the January average rate of 17.2024 to the December average rate of 10.3518, the exchange rate registered a net change of -39.82% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 17.4508 was down 20.79% compared to the 2022 peak of 22.0320, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 AOA based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
AOA to GNF Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 16.1742, compared to 10.3914 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 5.7829 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 4.1474 GNF (High: 14.5750 / Low: 10.4277). On the other end, August was the most stable month, with a tight range of 0.0975 GNF (High: 10.4809 / Low: 10.3834).
Growth Streaks & Declines
TrendsNo 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 3.8794 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 17.2024) against the same month in 2022 (average: 16.9180), the exchange rate shifted by +0.2844 (+1.68%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 17.4508 | 17.0459 | 17.2024 |
| February | 17.4493 | 16.8469 | 17.1199 |
| March | 17.3741 | 16.7910 | 17.0717 |
| April | 17.0542 | 16.7209 | 16.9445 |
| May | 17.0039 | 14.7660 | 16.2932 |
| June | 14.5750 | 10.4277 | 12.4138 |
| July | 10.4889 | 10.3551 | 10.4266 |
| August | 10.4809 | 10.3834 | 10.4269 |
| September | 10.4466 | 10.2968 | 10.3911 |
| October | 10.4594 | 10.3173 | 10.3897 |
| November | 10.4504 | 10.2645 | 10.3620 |
| December | 10.3974 | 10.2885 | 10.3518 |