2021 GNF to AOA Historical Review

YEARLY HIGH

0.0666 AOA

YEARLY LOW

0.0586 AOA

YEARLY AVERAGE

0.0636 AOA

2021 GNF to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the GNF to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on May 9, valuing the pair at 0.0666. Conversely, the yearly low was recorded on December 30, dropping to 0.0586.

This high-to-low spread represents a total annual volatility of 0.0080 AOA. From a start-to-finish perspective, comparing the January average rate of 0.0643 to the December average rate of 0.0599, the exchange rate registered a net change of -6.81% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.0666 was down 2.53% compared to the 2020 peak of 0.0683, 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 333 AOA

2020 Average 301 AOA

Yearly Trough Low 293 AOA

Transaction Impact: A difference of 39.90 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.0666

0.0593

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 0.0644, compared to 0.0629 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0015 points.

H1 Avg (Jan–Jun) 0.0644

H2 Avg (Jul–Dec) 0.0629

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 0.0036 AOA (High: 0.0664 / Low: 0.0628). On the other end, October was the most stable month, with a tight range of 0.0007 AOA (High: 0.0620 / Low: 0.0613).

April Spread (Volatile) ±0.0036

October Spread (Stable) ±0.0007

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 0.0023 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0023

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2021: 0.0659) against the same month in 2020 (average: 0.0596), the exchange rate shifted by +0.0063 (+10.59%).

2021 Avg (May) 0.0659

2020 Avg (May) 0.0596

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0654	0.0636	0.0643
February	0.0648	0.0627	0.0641
March	0.0627	0.0610	0.0618
April	0.0664	0.0628	0.0645
May	0.0666	0.0653	0.0659
June	0.0661	0.0653	0.0656
July	0.0658	0.0650	0.0655
August	0.0655	0.0648	0.0651
September	0.0648	0.0614	0.0632
October	0.0620	0.0613	0.0616
November	0.0629	0.0599	0.0622
December	0.0611	0.0586	0.0599