2018 GHS to AOA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2018.
2018 GHS to AOA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2018
During 2018, the GHS to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on November 17, valuing the pair at 64.8579. Conversely, the yearly low was recorded on January 13, dropping to 36.4369.
This high-to-low spread represents a total annual volatility of 28.4210 AOA. From a start-to-finish perspective, comparing the January average rate of 39.4198 to the December average rate of 62.8218, the exchange rate registered a net change of 59.37% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2018 high of 64.8579 was up 61.85% compared to the 2017 peak of 40.0728, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GHS based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2018.
GHS 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 47.6437, compared to 59.4988 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 11.8551 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2018 was January, with a trading range of 9.6342 AOA (High: 46.0710 / Low: 36.4369). On the other end, March was the most stable month, with a tight range of 1.0316 AOA (High: 48.7875 / Low: 47.7559).
Growth Streaks & Declines
TrendsBetween January and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 10 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.9409 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2018: 63.7627) against the same month in 2017 (average: 36.8488), the exchange rate shifted by +26.9139 (+73.04%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 46.0710 | 36.4369 | 39.4198 |
| February | 47.7619 | 45.8452 | 46.9919 |
| March | 48.7875 | 47.7559 | 48.3220 |
| April | 50.3798 | 48.3030 | 49.0852 |
| May | 51.4018 | 50.0623 | 50.8140 |
| June | 52.6084 | 50.1948 | 51.2295 |
| July | 53.7308 | 51.6653 | 52.8363 |
| August | 58.3568 | 53.6385 | 55.4409 |
| September | 61.2228 | 57.5240 | 59.6423 |
| October | 63.9914 | 60.3526 | 62.4888 |
| November | 64.8579 | 62.4927 | 63.7627 |
| December | 64.3056 | 61.9192 | 62.8218 |