2023 MMK to AOA Historical Review

YEARLY HIGH

0.3997 AOA

YEARLY LOW

0.2380 AOA

YEARLY AVERAGE

0.3265 AOA

2023 MMK to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MMK to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on November 5, valuing the pair at 0.3997. Conversely, the yearly low was recorded on February 5, dropping to 0.2380.

This high-to-low spread represents a total annual volatility of 0.1617 AOA. From a start-to-finish perspective, comparing the January average rate of 0.2399 to the December average rate of 0.3953, the exchange rate registered a net change of 64.77% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3997 was up 27.55% compared to the 2022 peak of 0.3134, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,998 AOA

2022 Average 1,201 AOA

Yearly Trough Low 1,190 AOA

Transaction Impact: A difference of 808.59 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4113

0.2243

JanuMarcMayJulySeptNove

MMK 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 0.2586, compared to 0.3944 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1359 points.

H1 Avg (Jan–Jun) 0.2586

H2 Avg (Jul–Dec) 0.3944

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.1122 AOA (High: 0.3931 / Low: 0.2808). On the other end, January was the most stable month, with a tight range of 0.0013 AOA (High: 0.2407 / Low: 0.2394).

June Spread (Volatile) ±0.1122

January Spread (Stable) ±0.0013

Growth Streaks & Declines

Trends

Between January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0004 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.3957) against the same month in 2022 (average: 0.2385), the exchange rate shifted by +0.1571 (+65.88%).

2023 Avg (November) 0.3957

2022 Avg (November) 0.2385

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2407	0.2394	0.2399
February	0.2422	0.2380	0.2404
March	0.2442	0.2399	0.2413
April	0.2455	0.2409	0.2419
May	0.2780	0.2420	0.2526
June	0.3931	0.2808	0.3354
July	0.3973	0.3923	0.3936
August	0.3958	0.3914	0.3933
September	0.3971	0.3925	0.3944
October	0.3963	0.3929	0.3945
November	0.3997	0.3939	0.3957
December	0.3964	0.3934	0.3953