YEARLY HIGH
15.1908 AOA
YEARLY LOW
8.9882 AOA
YEARLY AVERAGE
12.3056 AOA

2023 PHP to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PHP to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 15.1908. Conversely, the yearly low was recorded on April 19, dropping to 8.9882.

This high-to-low spread represents a total annual volatility of 6.2026 AOA. From a start-to-finish perspective, comparing the January average rate of 9.1719 to the December average rate of 14.9672, the exchange rate registered a net change of 63.19% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 15.1908 was up 39.94% compared to the 2022 peak of 10.8553, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 PHP based on timing:

Yearly Peak High 3,797,702 AOA
2022 Average 2,119,644 AOA
Yearly Trough Low 2,247,052 AOA
Transaction Impact: A difference of 1,550,649.79 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

15.6218
8.5855
JanuMarcMayJulySeptNove

PHP 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 9.8233, compared to 14.7879 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 4.9646 points.

H1 Avg (Jan–Jun) 9.8233
H2 Avg (Jul–Dec) 14.7879

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 4.4227 AOA (High: 14.9347 / Low: 10.5120). On the other end, October was the most stable month, with a tight range of 0.1360 AOA (High: 14.6377 / Low: 14.5017).

June Spread (Volatile) ±4.4227
October Spread (Stable) ±0.1360

Growth Streaks & Declines

Trends

Between 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 July and August, when the average rate fell by 0.3669 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.3669

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 15.0355) against the same month in 2022 (average: 7.7097), the exchange rate shifted by +7.3257 (+95.02%).

2023 Avg (July) 15.0355
2022 Avg (July) 7.7097

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 9.2774 8.9992 9.1719
February 9.3995 9.0773 9.2065
March 9.3554 9.0758 9.2442
April 9.3475 8.9882 9.1871
May 10.3553 9.1234 9.5057
June 14.9347 10.5120 12.6243
July 15.1908 14.8285 15.0355
August 15.0559 14.5238 14.6686
September 14.6686 14.4676 14.5811
October 14.6377 14.5017 14.5792
November 15.0013 14.6443 14.8956
December 15.0449 14.8583 14.9672