2020 RWF to AOA Historical Review

YEARLY HIGH

0.6829 AOA

YEARLY LOW

0.5060 AOA

YEARLY AVERAGE

0.6040 AOA

2020 RWF to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the RWF to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on November 10, valuing the pair at 0.6829. Conversely, the yearly low was recorded on January 1, dropping to 0.5060.

This high-to-low spread represents a total annual volatility of 0.1768 AOA. From a start-to-finish perspective, comparing the January average rate of 0.5181 to the December average rate of 0.6636, the exchange rate registered a net change of 28.08% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.6829 was up 26.07% compared to the 2019 peak of 0.5416, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,414 AOA

2019 Average 1,997 AOA

Yearly Trough Low 2,530 AOA

Transaction Impact: A difference of 884.10 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.6879

0.5027

JanuMarcMayJulySeptNove

RWF 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 0.5660, compared to 0.6420 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0760 points.

H1 Avg (Jan–Jun) 0.5660

H2 Avg (Jul–Dec) 0.6420

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0578 AOA (High: 0.5725 / Low: 0.5147). On the other end, December was the most stable month, with a tight range of 0.0083 AOA (High: 0.6685 / Low: 0.6602).

March Spread (Volatile) ±0.0578

December Spread (Stable) ±0.0083

Growth Streaks & Declines

Trends

Between January and June, 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 June and July, when the average rate fell by 0.0241 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0241

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2020: 0.6725) against the same month in 2019 (average: 0.5094), the exchange rate shifted by +0.1631 (+32.01%).

2020 Avg (November) 0.6725

2019 Avg (November) 0.5094

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5309	0.5060	0.5181
February	0.5320	0.5182	0.5253
March	0.5725	0.5147	0.5385
April	0.6044	0.5675	0.5919
May	0.6233	0.5792	0.6009
June	0.6401	0.6057	0.6214
July	0.6162	0.5782	0.5972
August	0.6217	0.5805	0.6089
September	0.6517	0.6261	0.6444
October	0.6826	0.6516	0.6655
November	0.6829	0.6536	0.6725
December	0.6685	0.6602	0.6636