2023 HRK to AOA Historical Review

YEARLY HIGH

123.0883 AOA

YEARLY LOW

70.3355 AOA

YEARLY AVERAGE

98.4191 AOA

2023 HRK to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HRK to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 123.0883. Conversely, the yearly low was recorded on January 5, dropping to 70.3355.

This high-to-low spread represents a total annual volatility of 52.7528 AOA. From a start-to-finish perspective, comparing the January average rate of 72.1410 to the December average rate of 120.4279, the exchange rate registered a net change of 66.93% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 123.0883 was up 46.96% compared to the 2022 peak of 83.7559, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 615,442 AOA

2022 Average 322,850 AOA

Yearly Trough Low 351,677 AOA

Transaction Impact: A difference of 263,764.12 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

126.0768

66.7463

JanuMarcMayJulySeptNove

HRK 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 77.8929, compared to 118.9453 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 41.0524 points.

H1 Avg (Jan–Jun) 77.8929

H2 Avg (Jul–Dec) 118.9453

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 35.3488 AOA (High: 119.5445 / Low: 84.1957). On the other end, April was the most stable month, with a tight range of 2.0729 AOA (High: 74.7252 / Low: 72.6523).

June Spread (Volatile) ±35.3488

April Spread (Stable) ±2.0729

Growth Streaks & Declines

Trends

Between February and July, 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 August and September, when the average rate fell by 2.2352 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -2.2352

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 121.1326) against the same month in 2022 (average: 58.4079), the exchange rate shifted by +62.7248 (+107.39%).

2023 Avg (July) 121.1326

2022 Avg (July) 58.4079

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	73.1374	70.3355	72.1410
February	73.6915	70.6742	71.6905
March	73.3227	70.8456	71.8860
April	74.7252	72.6523	73.8331
May	82.8274	73.4411	76.3974
June	119.5445	84.1957	101.4092
July	123.0883	118.9103	121.1326
August	120.7910	118.1909	119.5553
September	118.1744	115.4279	117.3201
October	117.2891	114.9845	116.0698
November	121.0444	116.6053	119.1661
December	122.7002	118.6727	120.4279