YEARLY HIGH
0.1113 PHP
YEARLY LOW
0.0658 PHP
YEARLY AVERAGE
0.0855 PHP

2023 AOA to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the AOA to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on April 19, valuing the pair at 0.1113. Conversely, the yearly low was recorded on July 13, dropping to 0.0658.

This high-to-low spread represents a total annual volatility of 0.0454 PHP. From a start-to-finish perspective, comparing the January average rate of 0.1090 to the December average rate of 0.0668, the exchange rate registered a net change of -38.72% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1113 was down 18.86% compared to the 2022 peak of 0.1371, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 556 PHP
2022 Average 597 PHP
Yearly Trough Low 329 PHP
Transaction Impact: A difference of 227.14 PHP purely based on transaction execution date.

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0.1133
0.0623
JanuMarcMayJulySeptNove

AOA to PHP 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 0.1034, compared to 0.0676 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0358 points.

H1 Avg (Jan–Jun) 0.1034
H2 Avg (Jul–Dec) 0.0676

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0282 PHP (High: 0.0951 / Low: 0.0670). On the other end, October was the most stable month, with a tight range of 0.0006 PHP (High: 0.0690 / Low: 0.0683).

June Spread (Volatile) Âą0.0282
October Spread (Stable) Âą0.0006

Growth Streaks & Declines

Trends

Between July and October, 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 May and June, when the average rate fell by 0.0250 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0250

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 0.1089) against the same month in 2022 (average: 0.1229), the exchange rate shifted by -0.0141 (-11.46%).

2023 Avg (April) 0.1089
2022 Avg (April) 0.1229

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Month High Low Average
January 0.1111 0.1078 0.1090
February 0.1102 0.1064 0.1086
March 0.1102 0.1069 0.1082
April 0.1113 0.1070 0.1089
May 0.1096 0.0966 0.1053
June 0.0951 0.0670 0.0804
July 0.0674 0.0658 0.0665
August 0.0689 0.0664 0.0682
September 0.0691 0.0682 0.0686
October 0.0690 0.0683 0.0686
November 0.0683 0.0667 0.0671
December 0.0673 0.0665 0.0668