2023 ARS to AOA Historical Review

YEARLY HIGH

3.2333 AOA

YEARLY LOW

1.0235 AOA

YEARLY AVERAGE

2.4749 AOA

2023 ARS to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ARS to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on July 2, valuing the pair at 3.2333. Conversely, the yearly low was recorded on December 31, dropping to 1.0235.

This high-to-low spread represents a total annual volatility of 2.2098 AOA. From a start-to-finish perspective, comparing the January average rate of 2.7682 to the December average rate of 1.5209, the exchange rate registered a net change of -45.06% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 3.2333 was down 40.10% compared to the 2022 peak of 5.3982, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 16,166 AOA

2022 Average 18,112 AOA

Yearly Trough Low 5,117 AOA

Transaction Impact: A difference of 11,048.93 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

3.2671

1.3621

JanuMarcMayJulySeptNove

ARS 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 2.5648, compared to 2.3849 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1800 points.

H1 Avg (Jan–Jun) 2.5648

H2 Avg (Jul–Dec) 2.3849

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 1.2819 AOA (High: 2.3054 / Low: 1.0235). On the other end, October was the most stable month, with a tight range of 0.0139 AOA (High: 2.3711 / Low: 2.3572).

December Spread (Volatile) ±1.2819

October Spread (Stable) ±0.0139

Growth Streaks & Declines

Trends

Between May and July, 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 November and December, when the average rate fell by 0.8289 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.8289

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 3.1084) against the same month in 2022 (average: 3.3577), the exchange rate shifted by -0.2493 (-7.42%).

2023 Avg (July) 3.1084

2022 Avg (July) 3.3577

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.8501	2.6967	2.7682
February	2.6927	2.5536	2.6337
March	2.5637	2.4290	2.4986
April	2.4353	2.2887	2.3593
May	2.4370	2.2240	2.2968
June	3.2238	2.4546	2.8324
July	3.2333	3.0002	3.1084
August	2.9929	2.3560	2.5986
September	2.3750	2.3573	2.3667
October	2.3711	2.3572	2.3651
November	2.3970	2.2964	2.3498
December	2.3054	1.0235	1.5209