2021 GMD to AOA Historical Review

YEARLY HIGH

12.9013 AOA

YEARLY LOW

10.4377 AOA

YEARLY AVERAGE

12.1676 AOA

2021 GMD to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the GMD to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on April 21, valuing the pair at 12.9013. Conversely, the yearly low was recorded on December 31, dropping to 10.4377.

This high-to-low spread represents a total annual volatility of 2.4636 AOA. From a start-to-finish perspective, comparing the January average rate of 12.6925 to the December average rate of 10.7313, the exchange rate registered a net change of -15.45% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 12.9013 was up 0.13% compared to the 2020 peak of 12.8840, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 GMD based on timing:

Yearly Peak High 64,507 AOA

2020 Average 56,207 AOA

Yearly Trough Low 52,189 AOA

Transaction Impact: A difference of 12,318.03 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

12.9034

10.5338

JanuMarcMayJulySeptNove

GMD 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 12.5621, compared to 11.7730 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.7892 points.

H1 Avg (Jan–Jun) 12.5621

H2 Avg (Jul–Dec) 11.7730

Volatility Range Comparison

Volatility

The most volatile month in 2021 was September, with a trading range of 0.7527 AOA (High: 12.3870 / Low: 11.6343). On the other end, August was the most stable month, with a tight range of 0.0873 AOA (High: 12.4853 / Low: 12.3979).

September Spread (Volatile) ±0.7527

August Spread (Stable) ±0.0873

Growth Streaks & Declines

Trends

Between March and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.6156 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.6156

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2021: 12.5755) against the same month in 2020 (average: 10.9499), the exchange rate shifted by +1.6256 (+14.85%).

2021 Avg (April) 12.5755

2020 Avg (April) 10.9499

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.7523	12.5689	12.6925
February	12.7370	12.4088	12.6752
March	12.2923	11.9902	12.1373
April	12.9013	12.2496	12.5755
May	12.8051	12.5440	12.7060
June	12.7144	12.5391	12.5864
July	12.6143	12.4853	12.5516
August	12.4853	12.3979	12.4562
September	12.3870	11.6343	12.0180
October	11.6311	11.4699	11.5339
November	11.5000	10.7851	11.3469
December	10.8423	10.4377	10.7313