2023 NZD to AOA Historical Review

YEARLY HIGH

528.3054 AOA

YEARLY LOW

308.9245 AOA

YEARLY AVERAGE

419.4096 AOA

2023 NZD to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NZD to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 528.3054. Conversely, the yearly low was recorded on March 9, dropping to 308.9245.

This high-to-low spread represents a total annual volatility of 219.3808 AOA. From a start-to-finish perspective, comparing the January average rate of 322.7264 to the December average rate of 517.6000, the exchange rate registered a net change of 60.38% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 528.3054 was up 39.38% compared to the 2022 peak of 379.0401, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,641,527 AOA

2022 Average 1,466,748 AOA

Yearly Trough Low 1,544,623 AOA

Transaction Impact: A difference of 1,096,904.25 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

537.9568

293.6757

JanuMarcMayJulySeptNove

NZD 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 338.3904, compared to 500.4288 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 162.0384 points.

H1 Avg (Jan–Jun) 338.3904

H2 Avg (Jul–Dec) 500.4288

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 149.1799 AOA (High: 506.6954 / Low: 357.5155). On the other end, March was the most stable month, with a tight range of 8.6781 AOA (High: 317.6026 / Low: 308.9245).

June Spread (Volatile) ±149.1799

March Spread (Stable) ±8.6781

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 July and August, when the average rate fell by 19.2083 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -19.2083

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 517.6000) against the same month in 2022 (average: 320.5899), the exchange rate shifted by +197.0101 (+61.45%).

2023 Avg (December) 517.6000

2022 Avg (December) 320.5899

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	327.4498	313.6111	322.7264
February	328.5564	311.4304	317.1536
March	317.6026	308.9245	314.0324
April	320.3061	310.3319	315.1864
May	351.5117	314.6763	328.9693
June	506.6954	357.5155	432.2742
July	528.1366	505.4017	513.7433
August	507.4812	486.9017	494.5350
September	497.5849	485.7660	490.9084
October	500.0562	479.6888	487.9934
November	509.6639	487.8443	497.7926
December	528.3054	508.5098	517.6000