2023 GNF to AOA Historical Review

YEARLY HIGH

0.0974 AOA

YEARLY LOW

0.0573 AOA

YEARLY AVERAGE

0.0796 AOA

2023 GNF to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GNF to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on November 5, valuing the pair at 0.0974. Conversely, the yearly low was recorded on January 27, dropping to 0.0573.

This high-to-low spread represents a total annual volatility of 0.0401 AOA. From a start-to-finish perspective, comparing the January average rate of 0.0581 to the December average rate of 0.0966, the exchange rate registered a net change of 66.17% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0974 was up 59.67% compared to the 2022 peak of 0.0610, 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 487 AOA

2022 Average 261 AOA

Yearly Trough Low 287 AOA

Transaction Impact: A difference of 200.60 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1004

0.0543

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 0.0629, compared to 0.0962 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0334 points.

H1 Avg (Jan–Jun) 0.0629

H2 Avg (Jul–Dec) 0.0962

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0273 AOA (High: 0.0959 / Low: 0.0686). On the other end, August was the most stable month, with a tight range of 0.0009 AOA (High: 0.0963 / Low: 0.0954).

June Spread (Volatile) ±0.0273

August Spread (Stable) ±0.0009

Growth Streaks & Declines

Trends

Between January and July, 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 July and August, when the average rate fell by 0.0000 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.0965) against the same month in 2022 (average: 0.0577), the exchange rate shifted by +0.0388 (+67.34%).

2023 Avg (November) 0.0965

2022 Avg (November) 0.0577

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0587	0.0573	0.0581
February	0.0594	0.0573	0.0584
March	0.0596	0.0576	0.0586
April	0.0598	0.0586	0.0590
May	0.0677	0.0588	0.0615
June	0.0959	0.0686	0.0816
July	0.0966	0.0953	0.0959
August	0.0963	0.0954	0.0959
September	0.0971	0.0957	0.0962
October	0.0969	0.0956	0.0963
November	0.0974	0.0957	0.0965
December	0.0972	0.0962	0.0966