2023 PEN to AOA Historical Review

YEARLY HIGH

231.7901 AOA

YEARLY LOW

129.3127 AOA

YEARLY AVERAGE

183.6112 AOA

2023 PEN to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PEN to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on July 18, valuing the pair at 231.7901. Conversely, the yearly low was recorded on January 26, dropping to 129.3127.

This high-to-low spread represents a total annual volatility of 102.4774 AOA. From a start-to-finish perspective, comparing the January average rate of 131.7840 to the December average rate of 222.4247, the exchange rate registered a net change of 68.78% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 231.7901 was up 64.89% compared to the 2022 peak of 140.5707, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,158,950 AOA

2022 Average 600,911 AOA

Yearly Trough Low 646,563 AOA

Transaction Impact: A difference of 512,386.92 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

239.1952

121.8090

JanuMarcMayJulySeptNove

PEN 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 144.9380, compared to 222.2843 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 77.3463 points.

H1 Avg (Jan–Jun) 144.9380

H2 Avg (Jul–Dec) 222.2843

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 67.2116 AOA (High: 227.7556 / Low: 160.5439). On the other end, March was the most stable month, with a tight range of 2.0194 AOA (High: 135.0978 / Low: 133.0783).

June Spread (Volatile) ±67.2116

March Spread (Stable) ±2.0194

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 September and October, when the average rate fell by 6.7400 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -6.7400

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 229.4130) against the same month in 2022 (average: 110.5723), the exchange rate shifted by +118.8407 (+107.48%).

2023 Avg (July) 229.4130

2022 Avg (July) 110.5723

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	133.7275	129.3127	131.7840
February	133.2163	129.3535	131.5912
March	135.0978	133.0783	133.9443
April	138.2239	133.8962	135.1006
May	158.9225	137.0095	143.9376
June	227.7556	160.5439	193.2705
July	231.7901	226.5275	229.4130
August	229.2109	221.9542	223.7203
September	224.0703	218.2838	222.3843
October	218.3015	213.5940	215.6443
November	223.1894	215.0632	220.1193
December	225.4743	219.5791	222.4247