2023 NOK to AOA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 NOK to AOA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the NOK to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 83.0691. Conversely, the yearly low was recorded on March 15, dropping to 47.0842.
This high-to-low spread represents a total annual volatility of 35.9849 AOA. From a start-to-finish perspective, comparing the January average rate of 50.7622 to the December average rate of 79.0810, the exchange rate registered a net change of 55.79% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 83.0691 was up 31.85% compared to the 2022 peak of 63.0033, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NOK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
NOK 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 51.7865, compared to 77.8086 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 26.0221 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 23.5432 AOA (High: 76.8579 / Low: 53.3147). On the other end, September was the most stable month, with a tight range of 1.2203 AOA (High: 77.7328 / Low: 76.5125).
Growth Streaks & Declines
TrendsBetween 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 September and October, when the average rate fell by 1.9262 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2023: 80.3221) against the same month in 2022 (average: 43.1527), the exchange rate shifted by +37.1694 (+86.13%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 51.4571 | 49.1063 | 50.7622 |
| February | 50.9962 | 48.4633 | 49.2821 |
| March | 48.8418 | 47.0842 | 48.0226 |
| April | 49.3687 | 47.6368 | 48.3132 |
| May | 52.7374 | 47.1960 | 49.0170 |
| June | 76.8579 | 53.3147 | 65.3223 |
| July | 83.0691 | 76.6918 | 80.3221 |
| August | 81.4232 | 77.0040 | 78.8723 |
| September | 77.7328 | 76.5125 | 77.1844 |
| October | 77.2724 | 73.8928 | 75.2582 |
| November | 78.1326 | 73.9626 | 76.1336 |
| December | 82.3905 | 75.6847 | 79.0810 |