2023 GHS to AOA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 GHS to AOA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the GHS to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on August 3, valuing the pair at 74.0924. Conversely, the yearly low was recorded on February 23, dropping to 39.0643.
This high-to-low spread represents a total annual volatility of 35.0281 AOA. From a start-to-finish perspective, comparing the January average rate of 44.4304 to the December average rate of 69.1236, the exchange rate registered a net change of 55.58% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 74.0924 was down 17.76% compared to the 2022 peak of 90.0900, 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 2023.
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 46.5436, compared to 71.1136 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 24.5699 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was January, with a trading range of 20.0001 AOA (High: 60.3421 / Low: 40.3420). On the other end, December was the most stable month, with a tight range of 0.6582 AOA (High: 69.3172 / Low: 68.6590).
Growth Streaks & Declines
TrendsBetween February and August, 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 January and February, when the average rate fell by 3.9683 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2023: 73.2322) against the same month in 2022 (average: 46.2161), the exchange rate shifted by +27.0161 (+58.46%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 60.3421 | 40.3420 | 44.4304 |
| February | 41.4740 | 39.0643 | 40.4621 |
| March | 43.5622 | 39.6030 | 41.0444 |
| April | 47.1462 | 42.0604 | 44.4235 |
| May | 51.4988 | 42.9162 | 46.7624 |
| June | 72.2688 | 52.3077 | 62.1389 |
| July | 73.2276 | 71.1052 | 72.3633 |
| August | 74.0924 | 72.1309 | 73.2322 |
| September | 72.4939 | 71.4316 | 72.0806 |
| October | 71.3719 | 69.6587 | 70.3893 |
| November | 70.2421 | 68.9621 | 69.4924 |
| December | 69.3172 | 68.6590 | 69.1236 |