2023 SZL to AOA Historical Review

YEARLY HIGH

46.9918 AOA

YEARLY LOW

26.6041 AOA

YEARLY AVERAGE

37.0682 AOA

2023 SZL to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SZL to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on July 27, valuing the pair at 46.9918. Conversely, the yearly low was recorded on May 12, dropping to 26.6041.

This high-to-low spread represents a total annual volatility of 20.3877 AOA. From a start-to-finish perspective, comparing the January average rate of 29.4581 to the December average rate of 44.6019, the exchange rate registered a net change of 51.41% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 46.9918 was up 31.89% compared to the 2022 peak of 35.6292, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 234,959 AOA

2022 Average 141,407 AOA

Yearly Trough Low 133,020 AOA

Transaction Impact: A difference of 101,938.69 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

47.0929

25.9609

JanuMarcMayJulySeptNove

SZL 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 29.8258, compared to 44.3107 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 14.4849 points.

H1 Avg (Jan–Jun) 29.8258

H2 Avg (Jul–Dec) 44.3107

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 14.3626 AOA (High: 44.1798 / Low: 29.8172). On the other end, April was the most stable month, with a tight range of 0.9733 AOA (High: 28.5324 / Low: 27.5591).

June Spread (Volatile) ±14.3626

April Spread (Stable) ±0.9733

Growth Streaks & Declines

Trends

Between May and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 1.3500 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.3500

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 45.3319) against the same month in 2022 (average: 25.6592), the exchange rate shifted by +19.6727 (+76.67%).

2023 Avg (July) 45.3319

2022 Avg (July) 25.6592

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	29.9501	28.9223	29.4581
February	29.5070	27.2787	28.2204
March	28.5032	27.1352	27.7219
April	28.5324	27.5591	27.9988
May	29.5588	26.6041	27.8364
June	44.1798	29.8172	37.7192
July	46.9918	43.5946	45.3319
August	45.8855	42.4149	43.9819
September	44.3003	43.0601	43.6908
October	44.1963	42.5946	43.4169
November	45.7609	43.8155	44.8406
December	45.5409	43.4909	44.6019