2023 SHP to AOA Historical Review

YEARLY HIGH

1084.8013 AOA

YEARLY LOW

599.3932 AOA

YEARLY AVERAGE

854.4351 AOA

2023 SHP to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SHP to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 1084.8013. Conversely, the yearly low was recorded on March 7, dropping to 599.3932.

This high-to-low spread represents a total annual volatility of 485.4081 AOA. From a start-to-finish perspective, comparing the January average rate of 616.8690 to the December average rate of 1052.5217, the exchange rate registered a net change of 70.62% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1084.8013 was up 43.95% compared to the 2022 peak of 753.5886, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,424,007 AOA

2022 Average 2,855,959 AOA

Yearly Trough Low 2,996,966 AOA

Transaction Impact: A difference of 2,427,040.49 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1108.5516

563.8274

JanuMarcMayJulySeptNove

SHP 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 670.6653, compared to 1038.2050 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 367.5397 points.

H1 Avg (Jan–Jun) 670.6653

H2 Avg (Jul–Dec) 1038.2050

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 308.3050 AOA (High: 1046.7573 / Low: 738.4523). On the other end, April was the most stable month, with a tight range of 18.2290 AOA (High: 640.6710 / Low: 622.4420).

June Spread (Volatile) ±308.3050

April Spread (Stable) ±18.2290

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 August and September, when the average rate fell by 23.1543 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -23.1543

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 1063.1579) against the same month in 2022 (average: 517.3269), the exchange rate shifted by +545.8309 (+105.51%).

2023 Avg (July) 1063.1579

2022 Avg (July) 517.3269

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	626.3823	599.8379	616.8690
February	624.6786	604.8621	609.2211
March	627.5187	599.3932	614.1343
April	640.6710	622.4420	631.7055
May	726.2826	635.0519	661.3714
June	1046.7573	738.4523	890.6905
July	1084.8013	1046.5056	1063.1579
August	1057.6432	1037.6566	1048.9232
September	1041.4058	1004.6067	1025.7689
October	1020.3265	999.4630	1007.4697
November	1053.7368	1011.0695	1031.3884
December	1065.2547	1042.6690	1052.5217