2023 MXN to AOA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MXN to AOA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MXN to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on July 30, valuing the pair at 49.4868. Conversely, the yearly low was recorded on January 1, dropping to 25.8339.
This high-to-low spread represents a total annual volatility of 23.6528 AOA. From a start-to-finish perspective, comparing the January average rate of 26.5695 to the December average rate of 48.4108, the exchange rate registered a net change of 82.20% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 49.4868 was up 82.02% compared to the 2022 peak of 27.1871, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 MXN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
MXN to AOA Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 30.0163, compared to 47.8738 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 17.8575 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 14.6587 AOA (High: 48.2438 / Low: 33.5851). On the other end, April was the most stable month, with a tight range of 0.6339 AOA (High: 28.3212 / Low: 27.6873).
Growth Streaks & Declines
TrendsBetween 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 September and October, when the average rate fell by 2.1079 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2023: 48.7918) against the same month in 2022 (average: 21.0100), the exchange rate shifted by +27.7818 (+132.23%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 26.9912 | 25.8339 | 26.5695 |
| February | 27.5853 | 26.2757 | 27.1591 |
| March | 28.2069 | 26.6564 | 27.4946 |
| April | 28.3212 | 27.6873 | 28.0925 |
| May | 32.9923 | 28.2967 | 29.9106 |
| June | 48.2438 | 33.5851 | 40.8718 |
| July | 49.4868 | 47.8984 | 48.7918 |
| August | 49.2989 | 47.7313 | 48.6211 |
| September | 48.5607 | 46.7998 | 47.8792 |
| October | 47.5865 | 45.1463 | 45.7713 |
| November | 48.6068 | 46.6475 | 47.7690 |
| December | 49.1741 | 47.5050 | 48.4108 |