2023 AZN to AOA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 AZN to AOA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the AZN to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on November 5, valuing the pair at 489.7059. Conversely, the yearly low was recorded on January 23, dropping to 295.9840.
This high-to-low spread represents a total annual volatility of 193.7219 AOA. From a start-to-finish perspective, comparing the January average rate of 296.3513 to the December average rate of 488.8056, the exchange rate registered a net change of 64.94% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 489.7059 was up 50.15% compared to the 2022 peak of 326.1465, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 AZN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
AZN to AOA 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 319.2577, compared to 487.0452 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 167.7875 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 138.4444 AOA (High: 485.2220 / Low: 346.7776). On the other end, January was the most stable month, with a tight range of 0.8096 AOA (High: 296.7936 / Low: 295.9840).
Growth Streaks & Declines
TrendsBetween January and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.1703 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2023: 488.0867) against the same month in 2022 (average: 294.3101), the exchange rate shifted by +193.7766 (+65.84%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 296.7936 | 295.9840 | 296.3513 |
| February | 298.5294 | 296.1338 | 297.0474 |
| March | 298.5983 | 296.0017 | 297.5377 |
| April | 299.7059 | 297.5776 | 298.5626 |
| May | 343.2834 | 298.9656 | 311.8755 |
| June | 485.2220 | 346.7776 | 414.1716 |
| July | 486.1965 | 484.0509 | 485.5352 |
| August | 487.0588 | 485.1594 | 485.7944 |
| September | 488.8235 | 485.2947 | 487.1097 |
| October | 488.1341 | 485.6036 | 486.9395 |
| November | 489.7059 | 486.8918 | 488.0867 |
| December | 489.7059 | 487.5265 | 488.8056 |