2020 GNF to AOA Historical Review

YEARLY HIGH

0.0683 AOA

YEARLY LOW

0.0502 AOA

YEARLY AVERAGE

0.0601 AOA

2020 GNF to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the GNF to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on November 16, valuing the pair at 0.0683. Conversely, the yearly low was recorded on January 1, dropping to 0.0502.

This high-to-low spread represents a total annual volatility of 0.0181 AOA. From a start-to-finish perspective, comparing the January average rate of 0.0515 to the December average rate of 0.0659, the exchange rate registered a net change of 27.87% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.0683 was up 26.39% compared to the 2019 peak of 0.0541, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 342 AOA

2019 Average 197 AOA

Yearly Trough Low 251 AOA

Transaction Impact: A difference of 90.47 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.0692

0.0499

JanuMarcMayJulySeptNove

GNF 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 0.0563, compared to 0.0639 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0077 points.

H1 Avg (Jan–Jun) 0.0563

H2 Avg (Jul–Dec) 0.0639

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0057 AOA (High: 0.0570 / Low: 0.0514). On the other end, February was the most stable month, with a tight range of 0.0008 AOA (High: 0.0527 / Low: 0.0519).

March Spread (Volatile) ±0.0057

February Spread (Stable) ±0.0008

Growth Streaks & Declines

Trends

Between January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0026 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0026

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2020: 0.0676) against the same month in 2019 (average: 0.0507), the exchange rate shifted by +0.0169 (+33.29%).

2020 Avg (November) 0.0676

2019 Avg (November) 0.0507

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0528	0.0502	0.0515
February	0.0527	0.0519	0.0522
March	0.0570	0.0514	0.0537
April	0.0599	0.0565	0.0588
May	0.0620	0.0573	0.0596
June	0.0634	0.0601	0.0618
July	0.0607	0.0574	0.0592
August	0.0622	0.0575	0.0608
September	0.0650	0.0627	0.0639
October	0.0681	0.0645	0.0662
November	0.0683	0.0657	0.0676
December	0.0667	0.0654	0.0659