2023 PKR to AOA Historical Review

YEARLY HIGH

3.0344 AOA

YEARLY LOW

1.7224 AOA

YEARLY AVERAGE

2.4445 AOA

2023 PKR to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PKR to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on July 8, valuing the pair at 3.0344. Conversely, the yearly low was recorded on May 11, dropping to 1.7224.

This high-to-low spread represents a total annual volatility of 1.3120 AOA. From a start-to-finish perspective, comparing the January average rate of 2.1599 to the December average rate of 2.9465, the exchange rate registered a net change of 36.42% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 3.0344 was down 3.69% compared to the 2022 peak of 3.1505, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 500,000 PKR based on timing:

Yearly Peak High 1,517,212 AOA

2022 Average 1,140,527 AOA

Yearly Trough Low 861,221 AOA

Transaction Impact: A difference of 655,991.07 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

3.0807

1.6721

JanuMarcMayJulySeptNove

PKR 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 1.9953, compared to 2.8938 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.8985 points.

H1 Avg (Jan–Jun) 1.9953

H2 Avg (Jul–Dec) 2.8938

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.8142 AOA (High: 2.8813 / Low: 2.0672). On the other end, December was the most stable month, with a tight range of 0.0655 AOA (High: 2.9808 / Low: 2.9152).

June Spread (Volatile) ±0.8142

December Spread (Stable) ±0.0655

Growth Streaks & Declines

Trends

Between April and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.2567 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.2567

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 2.9324) against the same month in 2022 (average: 1.9832), the exchange rate shifted by +0.9492 (+47.86%).

2023 Avg (July) 2.9324

2022 Avg (July) 1.9832

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2223	1.8818	2.1599
February	2.0136	1.8292	1.9032
March	1.9325	1.7830	1.8063
April	1.8247	1.7568	1.7895
May	2.0447	1.7224	1.8559
June	2.8813	2.0672	2.4570
July	3.0344	2.8729	2.9324
August	2.9095	2.7076	2.8156
September	2.8844	2.6821	2.7832
October	3.0145	2.8664	2.9633
November	2.9894	2.8705	2.9216
December	2.9808	2.9152	2.9465