2023 BAM to AOA Historical Review

YEARLY HIGH

475.0780 AOA

YEARLY LOW

270.0216 AOA

YEARLY AVERAGE

379.2482 AOA

2023 BAM to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BAM to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on July 18, valuing the pair at 475.0780. Conversely, the yearly low was recorded on January 7, dropping to 270.0216.

This high-to-low spread represents a total annual volatility of 205.0563 AOA. From a start-to-finish perspective, comparing the January average rate of 277.2067 to the December average rate of 463.7811, the exchange rate registered a net change of 67.31% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 475.0780 was up 47.52% compared to the 2022 peak of 322.0450, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,375,390 AOA

2022 Average 1,243,984 AOA

Yearly Trough Low 1,350,108 AOA

Transaction Impact: A difference of 1,025,281.69 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

485.7755

257.5968

JanuMarcMayJulySeptNove

BAM 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 300.1343, compared to 458.3621 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 158.2278 points.

H1 Avg (Jan–Jun) 300.1343

H2 Avg (Jul–Dec) 458.3621

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 138.8840 AOA (High: 461.7993 / Low: 322.9153). On the other end, April was the most stable month, with a tight range of 7.6174 AOA (High: 289.5605 / Low: 281.9430).

June Spread (Volatile) ±138.8840

April Spread (Stable) ±7.6174

Growth Streaks & Declines

Trends

Between February and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 8.0209 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -8.0209

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 466.7606) against the same month in 2022 (average: 224.6405), the exchange rate shifted by +242.1201 (+107.78%).

2023 Avg (July) 466.7606

2022 Avg (July) 224.6405

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	281.0120	270.0216	277.2067
February	283.7401	273.1358	276.6117
March	282.6462	272.6871	276.9126
April	289.5605	281.9430	284.8028
May	320.3195	284.1468	294.7369
June	461.7993	322.9153	390.5349
July	475.0780	458.9104	466.7606
August	465.1387	455.4080	460.8373
September	457.5028	446.0414	452.8164
October	452.2113	443.0794	447.3212
November	465.8358	447.6580	458.6560
December	470.6428	456.8990	463.7811