2023 EGP to AOA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 EGP to AOA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the EGP to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on November 5, valuing the pair at 27.1572. Conversely, the yearly low was recorded on March 23, dropping to 16.3105.
This high-to-low spread represents a total annual volatility of 10.8468 AOA. From a start-to-finish perspective, comparing the January average rate of 17.6777 to the December average rate of 26.8925, the exchange rate registered a net change of 52.13% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 27.1572 was down 23.04% compared to the 2022 peak of 35.2862, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 EGP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
EGP to AOA Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 17.8517, compared to 26.8033 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 8.9517 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 7.6502 AOA (High: 26.7310 / Low: 19.0807). On the other end, July was the most stable month, with a tight range of 0.1998 AOA (High: 26.8525 / Low: 26.6527).
Growth Streaks & Declines
TrendsBetween 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 January and February, when the average rate fell by 1.1063 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2023: 26.8700) against the same month in 2022 (average: 20.4887), the exchange rate shifted by +6.3813 (+31.15%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 20.3778 | 16.7081 | 17.6777 |
| February | 16.6988 | 16.4338 | 16.5714 |
| March | 16.5627 | 16.3105 | 16.4214 |
| April | 16.6166 | 16.3506 | 16.4563 |
| May | 18.8890 | 16.4260 | 17.1910 |
| June | 26.7310 | 19.0807 | 22.7920 |
| July | 26.8525 | 26.6527 | 26.7339 |
| August | 26.8226 | 26.5772 | 26.7232 |
| September | 26.9211 | 26.6939 | 26.8004 |
| October | 26.8994 | 26.6963 | 26.8000 |
| November | 27.1572 | 26.7458 | 26.8700 |
| December | 27.0247 | 26.7976 | 26.8925 |