2023 BND to AOA Historical Review

YEARLY HIGH

629.5004 AOA

YEARLY LOW

373.3257 AOA

YEARLY AVERAGE

509.9390 AOA

2023 BND to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BND to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 629.5004. Conversely, the yearly low was recorded on February 28, dropping to 373.3257.

This high-to-low spread represents a total annual volatility of 256.1747 AOA. From a start-to-finish perspective, comparing the January average rate of 379.6978 to the December average rate of 623.7234, the exchange rate registered a net change of 64.27% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 629.5004 was up 53.36% compared to the 2022 peak of 410.4755, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,147,502 AOA

2022 Average 1,672,545 AOA

Yearly Trough Low 1,866,629 AOA

Transaction Impact: A difference of 1,280,873.54 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

648.3330

353.0179

JanuMarcMayJulySeptNove

BND 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 406.2048, compared to 613.6732 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 207.4684 points.

H1 Avg (Jan–Jun) 406.2048

H2 Avg (Jul–Dec) 613.6732

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 173.3837 AOA (High: 609.7534 / Low: 436.3697). On the other end, October was the most stable month, with a tight range of 6.6605 AOA (High: 608.3348 / Low: 601.6743).

June Spread (Volatile) ±173.3837

October Spread (Stable) ±6.6605

Growth Streaks & Declines

Trends

Between March and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 7.1043 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -7.1043

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 623.7234) against the same month in 2022 (average: 373.1839), the exchange rate shifted by +250.5396 (+67.14%).

2023 Avg (December) 623.7234

2022 Avg (December) 373.1839

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	384.3033	373.3290	379.6978
February	386.0575	373.3257	379.1698
March	382.2690	373.6678	377.6275
April	385.6205	378.4881	381.5772
May	430.7872	381.8189	395.8933
June	609.7534	436.3697	523.2631
July	625.3301	607.8873	618.6199
August	619.6126	607.6962	611.5156
September	610.9824	603.2834	607.8468
October	608.3348	601.6743	604.8062
November	622.4936	605.6310	615.5274
December	629.5004	617.9856	623.7234