2021 HNL to AOA Historical Review

YEARLY HIGH

27.3932 AOA

YEARLY LOW

22.5406 AOA

YEARLY AVERAGE

25.9944 AOA

2021 HNL to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the HNL to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on April 24, valuing the pair at 27.3932. Conversely, the yearly low was recorded on December 30, dropping to 22.5406.

This high-to-low spread represents a total annual volatility of 4.8526 AOA. From a start-to-finish perspective, comparing the January average rate of 27.0470 to the December average rate of 23.2130, the exchange rate registered a net change of -14.18% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 27.3932 was down 0.11% compared to the 2020 peak of 27.4237, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 136,966 AOA

2020 Average 117,113 AOA

Yearly Trough Low 112,703 AOA

Transaction Impact: A difference of 24,262.85 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

27.4304

22.8296

JanuMarcMayJulySeptNove

HNL 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 26.6871, compared to 25.3016 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.3855 points.

H1 Avg (Jan–Jun) 26.6871

H2 Avg (Jul–Dec) 25.3016

Volatility Range Comparison

Volatility

The most volatile month in 2021 was September, with a trading range of 1.7564 AOA (High: 26.5518 / Low: 24.7954). On the other end, October was the most stable month, with a tight range of 0.2200 AOA (High: 24.8928 / Low: 24.6728).

September Spread (Volatile) ±1.7564

October Spread (Stable) ±0.2200

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 1.3158 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.3158

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2021: 26.7031) against the same month in 2020 (average: 22.4167), the exchange rate shifted by +4.2864 (+19.12%).

2021 Avg (April) 26.7031

2020 Avg (April) 22.4167

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	27.2504	26.3687	27.0470
February	27.0899	26.4088	26.8877
March	26.1283	25.3659	25.7179
April	27.3932	26.0426	26.7031
May	27.3904	26.6461	27.0035
June	27.0928	26.6169	26.7635
July	27.1025	26.6628	26.8892
August	26.9193	26.5971	26.7857
September	26.5518	24.7954	25.6474
October	24.8928	24.6728	24.7455
November	24.7826	23.3904	24.5287
December	23.5129	22.5406	23.2130