2022 GEL to AOA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2022.
2022 GEL to AOA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2022
During 2022, the GEL to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 18, valuing the pair at 190.3292. Conversely, the yearly low was recorded on May 9, dropping to 133.0012.
This high-to-low spread represents a total annual volatility of 57.3281 AOA. From a start-to-finish perspective, comparing the January average rate of 174.7045 to the December average rate of 188.5776, the exchange rate registered a net change of 7.94% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2022 high of 190.3292 was down 8.46% compared to the 2021 peak of 207.9266, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GEL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2022.
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)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 152.4406, compared to 164.7863 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 12.3457 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2022 was February, with a trading range of 23.4628 AOA (High: 180.1189 / Low: 156.6562). On the other end, December was the most stable month, with a tight range of 3.7935 AOA (High: 190.3292 / Low: 186.5357).
Growth Streaks & Declines
TrendsBetween April and August, 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 February and March, when the average rate fell by 27.0566 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2022: 188.5776) against the same month in 2021 (average: 182.0070), the exchange rate shifted by +6.5706 (+3.61%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 179.3540 | 171.7990 | 174.7045 |
| February | 180.1189 | 156.6562 | 171.6429 |
| March | 156.6562 | 137.8884 | 144.5864 |
| April | 144.3422 | 133.1657 | 138.4989 |
| May | 147.7630 | 133.0012 | 138.7110 |
| June | 149.5219 | 141.1393 | 146.5001 |
| July | 156.4708 | 145.1950 | 147.3894 |
| August | 159.0930 | 148.1225 | 155.0818 |
| September | 153.4179 | 143.9687 | 151.3999 |
| October | 175.3410 | 153.4179 | 162.3486 |
| November | 189.6756 | 177.4654 | 183.9207 |
| December | 190.3292 | 186.5357 | 188.5776 |