2019 GEL to AOA Historical Review

YEARLY HIGH

168.9061 AOA

YEARLY LOW

115.1519 AOA

YEARLY AVERAGE

128.9993 AOA

2019 GEL to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the GEL to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 23, valuing the pair at 168.9061. Conversely, the yearly low was recorded on January 1, dropping to 115.1519.

This high-to-low spread represents a total annual volatility of 53.7543 AOA. From a start-to-finish perspective, comparing the January average rate of 116.4856 to the December average rate of 164.6438, the exchange rate registered a net change of 41.34% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 168.9061 was up 33.20% compared to the 2018 peak of 126.8107, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 844,531 AOA

2018 Average 506,895 AOA

Yearly Trough Low 575,759 AOA

Transaction Impact: A difference of 268,771.32 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

169.4596

111.6698

JanuMarcMayJulySeptNove

GEL 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 118.6129, compared to 139.3857 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 20.7728 points.

H1 Avg (Jan–Jun) 118.6129

H2 Avg (Jul–Dec) 139.3857

Volatility Range Comparison

Volatility

The most volatile month in 2019 was October, with a trading range of 41.4231 AOA (High: 168.0662 / Low: 126.6430). On the other end, March was the most stable month, with a tight range of 1.4202 AOA (High: 118.3793 / Low: 116.9591).

October Spread (Volatile) ±41.4231

March Spread (Stable) ±1.4202

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 1.1177 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -1.1177

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2019: 164.6438) against the same month in 2018 (average: 116.0362), the exchange rate shifted by +48.6076 (+41.89%).

2019 Avg (December) 164.6438

2018 Avg (December) 116.0362

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	117.6083	115.1519	116.4856
February	119.3539	116.7926	118.1824
March	118.3793	116.9591	117.7806
April	119.4438	117.8172	118.4193
May	120.4998	117.8087	118.8805
June	124.6263	118.6548	121.9290
July	123.0200	117.7015	120.8113
August	124.1423	119.2800	122.7947
September	126.8555	123.1301	124.1225
October	168.0662	126.6430	144.3143
November	168.2382	155.2010	159.6278
December	168.9061	157.9490	164.6438