2023 BIF to AOA Historical Review

YEARLY HIGH

0.2955 AOA

YEARLY LOW

0.1914 AOA

YEARLY AVERAGE

0.2666 AOA

2023 BIF to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BIF to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on November 3, valuing the pair at 0.2955. Conversely, the yearly low was recorded on May 23, dropping to 0.1914.

This high-to-low spread represents a total annual volatility of 0.1041 AOA. From a start-to-finish perspective, comparing the January average rate of 0.2435 to the December average rate of 0.2915, the exchange rate registered a net change of 19.70% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2955 was up 6.02% compared to the 2022 peak of 0.2787, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,477 AOA

2022 Average 1,128 AOA

Yearly Trough Low 957 AOA

Transaction Impact: A difference of 520.33 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2990

0.2188

JanuMarcMayJulySeptNove

BIF 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 0.2415, compared to 0.2918 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0502 points.

H1 Avg (Jan–Jun) 0.2415

H2 Avg (Jul–Dec) 0.2918

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0822 AOA (High: 0.2911 / Low: 0.2090). On the other end, January was the most stable month, with a tight range of 0.0019 AOA (High: 0.2447 / Low: 0.2428).

June Spread (Volatile) ±0.0822

January Spread (Stable) ±0.0019

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0186 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0186

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.2923) against the same month in 2022 (average: 0.2429), the exchange rate shifted by +0.0494 (+20.33%).

2023 Avg (November) 0.2923

2022 Avg (November) 0.2429

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2447	0.2428	0.2435
February	0.2454	0.2414	0.2436
March	0.2462	0.2424	0.2437
April	0.2468	0.2430	0.2441
May	0.2594	0.1914	0.2255
June	0.2911	0.2090	0.2489
July	0.2937	0.2905	0.2917
August	0.2928	0.2903	0.2914
September	0.2943	0.2903	0.2920
October	0.2934	0.2908	0.2917
November	0.2955	0.2904	0.2923
December	0.2923	0.2904	0.2915