2024 ERN to AOA Historical Review

YEARLY HIGH

954.5000 AOA

YEARLY LOW

828.2765 AOA

YEARLY AVERAGE

871.5808 AOA

2024 ERN to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ERN to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on October 2, valuing the pair at 954.5000. Conversely, the yearly low was recorded on February 19, dropping to 828.2765.

This high-to-low spread represents a total annual volatility of 126.2235 AOA. From a start-to-finish perspective, comparing the January average rate of 830.4564 to the December average rate of 913.3127, the exchange rate registered a net change of 9.98% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 954.5000 was up 14.65% compared to the 2023 peak of 832.5000, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,772,500 AOA

2023 Average 3,432,635 AOA

Yearly Trough Low 4,141,383 AOA

Transaction Impact: A difference of 631,117.50 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

937.6852

820.7083

JanuMarcMayJulySeptNove

ERN 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 838.1813, compared to 904.9803 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 66.7990 points.

H1 Avg (Jan–Jun) 838.1813

H2 Avg (Jul–Dec) 904.9803

Volatility Range Comparison

Volatility

The most volatile month in 2024 was October, with a trading range of 46.9737 AOA (High: 954.5000 / Low: 907.5263). On the other end, November was the most stable month, with a tight range of 2.8163 AOA (High: 913.5000 / Low: 910.6837).

October Spread (Volatile) ±46.9737

November Spread (Stable) ±2.8163

Growth Streaks & Declines

Trends

Between January and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 12.5940 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -12.5940

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2024: 915.3431) against the same month in 2023 (average: 827.7971), the exchange rate shifted by +87.5460 (+10.58%).

2024 Avg (October) 915.3431

2023 Avg (October) 827.7971

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	832.5000	828.7240	830.4564
February	832.5000	828.2765	831.0104
March	838.0000	828.5220	834.4081
April	838.0000	832.6330	835.5928
May	856.5000	834.0600	842.9847
June	856.5000	853.6290	854.6355
July	878.3517	860.3330	871.7750
August	907.5000	877.6850	889.4682
September	942.3667	912.3500	927.9371
October	954.5000	907.5263	915.3431
November	913.5000	910.6837	912.0458
December	918.0000	912.0000	913.3127