2023 BGN to AOA Historical Review

YEARLY HIGH

474.2550 AOA

YEARLY LOW

270.9995 AOA

YEARLY AVERAGE

379.2234 AOA

2023 BGN to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BGN to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 474.2550. Conversely, the yearly low was recorded on January 5, dropping to 270.9995.

This high-to-low spread represents a total annual volatility of 203.2555 AOA. From a start-to-finish perspective, comparing the January average rate of 277.7833 to the December average rate of 463.9557, the exchange rate registered a net change of 67.02% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 474.2550 was up 47.12% compared to the 2022 peak of 322.3502, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,371,275 AOA

2022 Average 1,243,708 AOA

Yearly Trough Low 1,354,998 AOA

Transaction Impact: A difference of 1,016,277.65 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

485.7871

257.1754

JanuMarcMayJulySeptNove

BGN 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 300.1840, compared to 458.2628 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 158.0788 points.

H1 Avg (Jan–Jun) 300.1840

H2 Avg (Jul–Dec) 458.2628

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 136.0938 AOA (High: 460.5159 / Low: 324.4221). On the other end, April was the most stable month, with a tight range of 5.8092 AOA (High: 287.9156 / Low: 282.1064).

June Spread (Volatile) ±136.0938

April Spread (Stable) ±5.8092

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 8.5815 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -8.5815

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 466.7361) against the same month in 2022 (average: 224.4239), the exchange rate shifted by +242.3123 (+107.97%).

2023 Avg (July) 466.7361

2022 Avg (July) 224.4239

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	281.3727	270.9995	277.7833
February	281.2519	272.3136	276.2264
March	282.4397	272.9209	277.0746
April	287.9156	282.1064	284.7954
May	318.9861	282.9584	294.4773
June	460.5159	324.4221	390.7472
July	474.2550	458.1564	466.7361
August	465.1109	455.3720	460.6205
September	455.6147	444.6253	452.0391
October	451.7765	442.8082	447.1700
November	465.9669	448.9197	459.0556
December	472.4464	457.1140	463.9557