2023 MAD to AOA Historical Review

YEARLY HIGH

85.7378 AOA

YEARLY LOW

47.8874 AOA

YEARLY AVERAGE

67.8450 AOA

2023 MAD to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MAD to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on July 15, valuing the pair at 85.7378. Conversely, the yearly low was recorded on January 3, dropping to 47.8874.

This high-to-low spread represents a total annual volatility of 37.8504 AOA. From a start-to-finish perspective, comparing the January average rate of 49.2414 to the December average rate of 82.7645, the exchange rate registered a net change of 68.08% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 85.7378 was up 42.93% compared to the 2022 peak of 59.9845, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 428,689 AOA

2022 Average 227,685 AOA

Yearly Trough Low 239,437 AOA

Transaction Impact: A difference of 189,252.01 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

88.3536

45.4087

JanuMarcMayJulySeptNove

MAD 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 53.3283, compared to 82.3616 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 29.0333 points.

H1 Avg (Jan–Jun) 53.3283

H2 Avg (Jul–Dec) 82.3616

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 25.4404 AOA (High: 83.4091 / Low: 57.9687). On the other end, March was the most stable month, with a tight range of 1.2387 AOA (High: 49.6381 / Low: 48.3994).

June Spread (Volatile) ±25.4404

March Spread (Stable) ±1.2387

Growth Streaks & Declines

Trends

Between March and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 2.4921 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -2.4921

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 84.7749) against the same month in 2022 (average: 42.1004), the exchange rate shifted by +42.6745 (+101.36%).

2023 Avg (July) 84.7749

2022 Avg (July) 42.1004

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	50.0975	47.8874	49.2414
February	49.7300	48.4230	49.0248
March	49.6381	48.3994	48.9874
April	51.4450	49.5377	50.1112
May	57.4144	50.5076	52.4461
June	83.4091	57.9687	70.1589
July	85.7378	83.4091	84.7749
August	85.3819	81.0910	83.4258
September	81.5453	80.1880	80.9337
October	81.3176	79.6533	80.5821
November	82.5354	80.5916	81.6888
December	84.5445	81.6038	82.7645