2023 GEL to AOA Historical Review

YEARLY HIGH

322.2247 AOA

YEARLY LOW

186.5308 AOA

YEARLY AVERAGE

260.6778 AOA

2023 GEL to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GEL to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on July 20, valuing the pair at 322.2247. Conversely, the yearly low was recorded on January 2, dropping to 186.5308.

This high-to-low spread represents a total annual volatility of 135.6940 AOA. From a start-to-finish perspective, comparing the January average rate of 189.0297 to the December average rate of 309.4156, the exchange rate registered a net change of 63.69% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 322.2247 was up 69.30% compared to the 2022 peak of 190.3292, 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 1,611,124 AOA

2022 Average 792,726 AOA

Yearly Trough Low 932,654 AOA

Transaction Impact: A difference of 678,469.83 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

332.2105

176.0133

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 209.2857, compared to 312.0700 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 102.7844 points.

H1 Avg (Jan–Jun) 209.2857

H2 Avg (Jul–Dec) 312.0700

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 89.9795 AOA (High: 316.2835 / Low: 226.3040). On the other end, October was the most stable month, with a tight range of 2.9440 AOA (High: 309.7196 / Low: 306.7756).

June Spread (Volatile) ±89.9795

October Spread (Stable) ±2.9440

Growth Streaks & Declines

Trends

Between January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 4.9169 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -4.9169

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 319.1940) against the same month in 2022 (average: 147.3894), the exchange rate shifted by +171.8047 (+116.57%).

2023 Avg (July) 319.1940

2022 Avg (July) 147.3894

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	191.7395	186.5308	189.0297
February	192.5996	188.8832	191.0944
March	199.2149	192.5856	196.1457
April	204.3383	197.9969	201.3251
May	224.0237	197.7631	208.4955
June	316.2835	226.3040	269.6237
July	322.2247	315.8410	319.1940
August	317.9194	313.0844	315.6829
September	317.0020	308.2300	312.9293
October	309.7196	306.7756	308.0125
November	309.8346	305.7176	307.1858
December	312.3827	307.3538	309.4156