2020 GHS to AOA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 GHS to AOA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the GHS to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on November 12, valuing the pair at 114.4968. Conversely, the yearly low was recorded on January 5, dropping to 84.4103.
This high-to-low spread represents a total annual volatility of 30.0865 AOA. From a start-to-finish perspective, comparing the January average rate of 86.5064 to the December average rate of 111.6877, the exchange rate registered a net change of 29.11% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 114.4968 was up 26.59% compared to the 2019 peak of 90.4459, 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 2020.
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 94.3375, compared to 107.3032 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 12.9657 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was August, with a trading range of 8.2947 AOA (High: 104.2045 / Low: 95.9098). On the other end, February was the most stable month, with a tight range of 2.8120 AOA (High: 92.9571 / Low: 90.1451).
Growth Streaks & Declines
TrendsBetween July and November, 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 June and July, when the average rate fell by 3.3417 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2020: 113.3828) against the same month in 2019 (average: 85.4412), the exchange rate shifted by +27.9416 (+32.70%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 90.1451 | 84.4103 | 86.5064 |
| February | 92.9571 | 90.1451 | 91.9455 |
| March | 94.2531 | 88.3821 | 91.1089 |
| April | 99.4751 | 93.0096 | 96.6890 |
| May | 102.2134 | 94.5470 | 97.8174 |
| June | 104.7231 | 98.8306 | 101.9579 |
| July | 101.0093 | 95.7863 | 98.6161 |
| August | 104.2045 | 95.9098 | 101.5195 |
| September | 108.5188 | 104.8445 | 107.1845 |
| October | 114.1214 | 108.7360 | 111.4287 |
| November | 114.4968 | 110.3745 | 113.3828 |
| December | 112.5416 | 109.4312 | 111.6877 |