2023 CDF to AOA Historical Review

YEARLY HIGH

0.3459 AOA

YEARLY LOW

0.2301 AOA

YEARLY AVERAGE

0.2902 AOA

2023 CDF to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CDF to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on June 28, valuing the pair at 0.3459. Conversely, the yearly low was recorded on May 16, dropping to 0.2301.

This high-to-low spread represents a total annual volatility of 0.1158 AOA. From a start-to-finish perspective, comparing the January average rate of 0.2459 to the December average rate of 0.3053, the exchange rate registered a net change of 24.13% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3459 was up 24.68% compared to the 2022 peak of 0.2774, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,729 AOA

2022 Average 1,140 AOA

Yearly Trough Low 1,150 AOA

Transaction Impact: A difference of 578.92 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3436

0.2334

JanuMarcMayJulySeptNove

CDF 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 0.2533, compared to 0.3270 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0736 points.

H1 Avg (Jan–Jun) 0.2533

H2 Avg (Jul–Dec) 0.3270

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0925 AOA (High: 0.3459 / Low: 0.2534). On the other end, January was the most stable month, with a tight range of 0.0050 AOA (High: 0.2485 / Low: 0.2435).

June Spread (Volatile) ±0.0925

January Spread (Stable) ±0.0050

Growth Streaks & Declines

Trends

Between May and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0213 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0213

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 0.2981) against the same month in 2022 (average: 0.2151), the exchange rate shifted by +0.0830 (+38.60%).

2023 Avg (June) 0.2981

2022 Avg (June) 0.2151

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2485	0.2435	0.2459
February	0.2477	0.2425	0.2448
March	0.2480	0.2419	0.2447
April	0.2480	0.2321	0.2440
May	0.2570	0.2301	0.2426
June	0.3459	0.2534	0.2981
July	0.3425	0.3239	0.3344
August	0.3391	0.3313	0.3335
September	0.3380	0.3306	0.3334
October	0.3353	0.3186	0.3288
November	0.3382	0.3040	0.3265
December	0.3120	0.2976	0.3053