2023 RWF to AOA Historical Review

YEARLY HIGH

0.7156 AOA

YEARLY LOW

0.4488 AOA

YEARLY AVERAGE

0.5872 AOA

2023 RWF to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RWF to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on July 8, valuing the pair at 0.7156. Conversely, the yearly low was recorded on April 24, dropping to 0.4488.

This high-to-low spread represents a total annual volatility of 0.2668 AOA. From a start-to-finish perspective, comparing the January average rate of 0.4688 to the December average rate of 0.6627, the exchange rate registered a net change of 41.36% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.7156 was up 31.20% compared to the 2022 peak of 0.5455, 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 3,578 AOA

2022 Average 2,223 AOA

Yearly Trough Low 2,244 AOA

Transaction Impact: A difference of 1,334.00 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.7316

0.4325

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 0.4901, compared to 0.6842 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1941 points.

H1 Avg (Jan–Jun) 0.4901

H2 Avg (Jul–Dec) 0.6842

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.1883 AOA (High: 0.7107 / Low: 0.5224). On the other end, January was the most stable month, with a tight range of 0.0054 AOA (High: 0.4713 / Low: 0.4658).

June Spread (Volatile) ±0.1883

January Spread (Stable) ±0.0054

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 September and October, when the average rate fell by 0.0108 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0108

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.7067) against the same month in 2022 (average: 0.4190), the exchange rate shifted by +0.2877 (+68.68%).

2023 Avg (July) 0.7067

2022 Avg (July) 0.4190

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4713	0.4658	0.4688
February	0.4681	0.4616	0.4648
March	0.4677	0.4552	0.4625
April	0.4622	0.4488	0.4574
May	0.5175	0.4549	0.4725
June	0.7107	0.5224	0.6147
July	0.7156	0.6952	0.7067
August	0.7059	0.6914	0.6982
September	0.6933	0.6777	0.6882
October	0.6844	0.6688	0.6774
November	0.6821	0.6662	0.6724
December	0.6688	0.6571	0.6627