2023 ETB to AOA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 ETB to AOA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the ETB to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on July 8, valuing the pair at 15.1376. Conversely, the yearly low was recorded on April 6, dropping to 9.2984.
This high-to-low spread represents a total annual volatility of 5.8392 AOA. From a start-to-finish perspective, comparing the January average rate of 9.3929 to the December average rate of 14.7970, the exchange rate registered a net change of 57.53% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 15.1376 was up 34.75% compared to the 2022 peak of 11.2339, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 ETB based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
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)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 10.0380, compared to 14.9361 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 4.8982 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 4.3198 AOA (High: 15.1190 / Low: 10.7992). On the other end, January was the most stable month, with a tight range of 0.0665 AOA (High: 9.4301 / Low: 9.3636).
Growth Streaks & Declines
TrendsBetween April and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.1104 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2023: 15.0564) against the same month in 2022 (average: 8.2399), the exchange rate shifted by +6.8165 (+82.72%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 9.4301 | 9.3636 | 9.3929 |
| February | 9.4630 | 9.3329 | 9.4022 |
| March | 9.5258 | 9.3628 | 9.4124 |
| April | 9.4941 | 9.2984 | 9.3691 |
| May | 10.7375 | 9.3459 | 9.7506 |
| June | 15.1190 | 10.7992 | 12.9005 |
| July | 15.1376 | 14.9724 | 15.0564 |
| August | 15.1059 | 14.9026 | 14.9934 |
| September | 15.0791 | 14.9170 | 14.9963 |
| October | 14.9851 | 14.7912 | 14.8859 |
| November | 15.0836 | 14.7356 | 14.8876 |
| December | 14.9283 | 14.6887 | 14.7970 |