2023 MWK to AOA Historical Review

YEARLY HIGH

0.8109 AOA

YEARLY LOW

0.4821 AOA

YEARLY AVERAGE

0.6091 AOA

2023 MWK to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MWK to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on June 28, valuing the pair at 0.8109. Conversely, the yearly low was recorded on March 13, dropping to 0.4821.

This high-to-low spread represents a total annual volatility of 0.3288 AOA. From a start-to-finish perspective, comparing the January average rate of 0.4924 to the December average rate of 0.4933, the exchange rate registered a net change of 0.19% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.8109 was up 18.96% compared to the 2022 peak of 0.6816, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,054 AOA

2022 Average 2,504 AOA

Yearly Trough Low 2,410 AOA

Transaction Impact: A difference of 1,643.98 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.8145

0.4627

JanuMarcMayJulySeptNove

MWK 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 0.5295, compared to 0.6887 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1592 points.

H1 Avg (Jan–Jun) 0.5295

H2 Avg (Jul–Dec) 0.6887

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.2546 AOA (High: 0.7459 / Low: 0.4914). On the other end, December was the most stable month, with a tight range of 0.0039 AOA (High: 0.4947 / Low: 0.4908).

November Spread (Volatile) ±0.2546

December Spread (Stable) ±0.0039

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 October and November, when the average rate fell by 0.1212 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.1212

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 0.6872) against the same month in 2022 (average: 0.4424), the exchange rate shifted by +0.2448 (+55.35%).

2023 Avg (June) 0.6872

2022 Avg (June) 0.4424

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4971	0.4902	0.4924
February	0.4979	0.4868	0.4920
March	0.5016	0.4821	0.4928
April	0.5009	0.4927	0.4955
May	0.5696	0.4956	0.5171
June	0.8109	0.5746	0.6872
July	0.7909	0.7819	0.7852
August	0.7912	0.7560	0.7681
September	0.7882	0.7466	0.7636
October	0.7654	0.7117	0.7216
November	0.7459	0.4914	0.6004
December	0.4947	0.4908	0.4933