2023 JOD to AOA Historical Review

YEARLY HIGH

1173.6924 AOA

YEARLY LOW

708.7939 AOA

YEARLY AVERAGE

966.4615 AOA

2023 JOD to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JOD to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on November 5, valuing the pair at 1173.6924. Conversely, the yearly low was recorded on January 23, dropping to 708.7939.

This high-to-low spread represents a total annual volatility of 464.8985 AOA. From a start-to-finish perspective, comparing the January average rate of 710.1593 to the December average rate of 1171.3161, the exchange rate registered a net change of 64.94% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1173.6924 was up 50.09% compared to the 2022 peak of 782.0155, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,868,462 AOA

2022 Average 3,248,170 AOA

Yearly Trough Low 3,543,970 AOA

Transaction Impact: A difference of 2,324,492.29 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1217.4318

664.0436

JanuMarcMayJulySeptNove

JOD 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 765.0685, compared to 1167.8545 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 402.7860 points.

H1 Avg (Jan–Jun) 765.0685

H2 Avg (Jul–Dec) 1167.8545

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 332.3634 AOA (High: 1163.4954 / Low: 831.1321). On the other end, January was the most stable month, with a tight range of 2.5399 AOA (High: 711.3339 / Low: 708.7939).

June Spread (Volatile) ±332.3634

January Spread (Stable) ±2.5399

Growth Streaks & Declines

Trends

Between January and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 1.7069 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -1.7069

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 1170.0055) against the same month in 2022 (average: 705.6235), the exchange rate shifted by +464.3820 (+65.81%).

2023 Avg (November) 1170.0055

2022 Avg (November) 705.6235

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	711.3339	708.7939	710.1593
February	715.3933	709.6525	711.7701
March	715.5585	710.3059	713.0619
April	718.2126	713.1125	715.4931
May	822.7574	716.4385	747.3106
June	1163.4954	831.1321	992.6159
July	1165.9701	1161.3014	1163.9747
August	1169.8220	1164.4374	1166.4451
September	1172.9568	1165.0911	1168.5462
October	1169.9253	1163.3682	1166.8393
November	1173.6924	1166.8917	1170.0055
December	1173.3615	1167.9820	1171.3161