2020 ETB to AOA Historical Review

YEARLY HIGH

17.9597 AOA

YEARLY LOW

15.0302 AOA

YEARLY AVERAGE

16.5300 AOA

2020 ETB to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the ETB to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on November 8, valuing the pair at 17.9597. Conversely, the yearly low was recorded on January 1, dropping to 15.0302.

This high-to-low spread represents a total annual volatility of 2.9295 AOA. From a start-to-finish perspective, comparing the January average rate of 15.2490 to the December average rate of 16.9353, the exchange rate registered a net change of 11.06% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 17.9597 was up 6.94% compared to the 2019 peak of 16.7942, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 89,799 AOA

2019 Average 62,244 AOA

Yearly Trough Low 75,151 AOA

Transaction Impact: A difference of 14,647.62 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

17.6916

15.0269

JanuMarcMayJulySeptNove

ETB 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 16.1727, compared to 16.8872 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.7145 points.

H1 Avg (Jan–Jun) 16.1727

H2 Avg (Jul–Dec) 16.8872

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 1.2916 AOA (High: 16.4047 / Low: 15.1131). On the other end, February was the most stable month, with a tight range of 0.4755 AOA (High: 15.6621 / Low: 15.1866).

March Spread (Volatile) ±1.2916

February Spread (Stable) ±0.4755

Growth Streaks & Declines

Trends

Between July and November, 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 June and July, when the average rate fell by 0.9566 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.9566

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2020: 17.4696) against the same month in 2019 (average: 15.8321), the exchange rate shifted by +1.6375 (+10.34%).

2020 Avg (November) 17.4696

2019 Avg (November) 15.8321

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	15.5308	15.0302	15.2490
February	15.6621	15.1866	15.4079
March	16.4047	15.1131	15.5965
April	17.3964	16.2366	16.8967
May	17.3444	16.0792	16.7384
June	17.6377	16.5160	17.1478
July	16.7897	15.6857	16.1913
August	16.6865	15.6857	16.3909
September	17.2607	16.5141	16.9293
October	17.7468	17.0860	17.4071
November	17.9597	16.9084	17.4696
December	17.2079	16.6244	16.9353