2023 GMD to AOA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 GMD to AOA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the GMD to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on July 24, valuing the pair at 13.8680. Conversely, the yearly low was recorded on January 23, dropping to 8.0540.
This high-to-low spread represents a total annual volatility of 5.8140 AOA. From a start-to-finish perspective, comparing the January average rate of 8.1227 to the December average rate of 12.3376, the exchange rate registered a net change of 51.89% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 13.8680 was up 32.00% compared to the 2022 peak of 10.5061, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GMD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
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)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 8.9244, compared to 13.0402 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 4.1158 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 3.9660 AOA (High: 13.8623 / Low: 9.8963). On the other end, December was the most stable month, with a tight range of 0.0976 AOA (High: 12.3988 / Low: 12.3012).
Growth Streaks & Declines
TrendsBetween April and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.7902 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2023: 13.8406) against the same month in 2022 (average: 7.9701), the exchange rate shifted by +5.8704 (+73.66%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 8.2349 | 8.0540 | 8.1227 |
| February | 8.3061 | 8.1863 | 8.2649 |
| March | 8.3006 | 8.1489 | 8.2416 |
| April | 8.4987 | 8.1256 | 8.2077 |
| May | 9.7966 | 8.4466 | 8.8709 |
| June | 13.8623 | 9.8963 | 11.8383 |
| July | 13.8680 | 13.7649 | 13.8406 |
| August | 13.7003 | 13.5576 | 13.6315 |
| September | 13.6942 | 12.7360 | 13.4065 |
| October | 12.8700 | 12.5471 | 12.6164 |
| November | 12.7978 | 12.2955 | 12.4084 |
| December | 12.3988 | 12.3012 | 12.3376 |