2024 AOA to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 AOA to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the AOA to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on February 4, valuing the pair at 10.4039. Conversely, the yearly low was recorded on October 2, dropping to 9.0885.
This high-to-low spread represents a total annual volatility of 1.3153 GNF. From a start-to-finish perspective, comparing the January average rate of 10.3498 to the December average rate of 9.4499, the exchange rate registered a net change of -8.69% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 10.4039 was down 40.38% compared to the 2023 peak of 17.4508, 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 2024.
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 10.2574, compared to 9.5374 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.7201 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was October, with a trading range of 0.4239 GNF (High: 9.5124 / Low: 9.0885). On the other end, January was the most stable month, with a tight range of 0.0635 GNF (High: 10.3903 / Low: 10.3268).
Growth Streaks & Declines
TrendsBetween September and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.3779 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2024: 10.3518) against the same month in 2023 (average: 17.1199), the exchange rate shifted by -6.7681 (-39.53%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 10.3903 | 10.3268 | 10.3498 |
| February | 10.4039 | 10.3285 | 10.3518 |
| March | 10.3781 | 10.2409 | 10.2987 |
| April | 10.3332 | 10.2304 | 10.2814 |
| May | 10.3109 | 10.0350 | 10.1948 |
| June | 10.1272 | 10.0361 | 10.0679 |
| July | 10.0016 | 9.8045 | 9.8754 |
| August | 9.8284 | 9.4746 | 9.6901 |
| September | 9.4635 | 9.1612 | 9.3122 |
| October | 9.5124 | 9.0885 | 9.4378 |
| November | 9.5036 | 9.4227 | 9.4588 |
| December | 9.4890 | 9.3736 | 9.4499 |