YEARLY HIGH
121.4746 AOA
YEARLY LOW
72.3240 AOA
YEARLY AVERAGE
99.2222 AOA

2023 BOB to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BOB to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on November 5, valuing the pair at 121.4746. Conversely, the yearly low was recorded on February 5, dropping to 72.3240.

This high-to-low spread represents a total annual volatility of 49.1506 AOA. From a start-to-finish perspective, comparing the January average rate of 72.9086 to the December average rate of 120.1209, the exchange rate registered a net change of 64.76% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 121.4746 was up 50.10% compared to the 2022 peak of 80.9273, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 607,373 AOA
2022 Average 334,133 AOA
Yearly Trough Low 361,620 AOA
Transaction Impact: A difference of 245,752.98 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

124.9803
68.1749
JanuMarcMayJulySeptNove

BOB 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 78.5751, compared to 119.8694 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 41.2942 points.

H1 Avg (Jan–Jun) 78.5751
H2 Avg (Jul–Dec) 119.8694

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 34.1034 AOA (High: 119.4499 / Low: 85.3464). On the other end, January was the most stable month, with a tight range of 0.3804 AOA (High: 73.1491 / Low: 72.7686).

June Spread (Volatile) ±34.1034
January Spread (Stable) ±0.3804

Growth Streaks & Declines

Trends

Between January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.1256 points.

Longest Streak 6 Mo.
Sharpest MoM Drop -0.1256

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 120.2465) against the same month in 2022 (average: 72.4651), the exchange rate shifted by +47.7813 (+65.94%).

2023 Avg (November) 120.2465
2022 Avg (November) 72.4651

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 73.1491 72.7686 72.9086
February 73.6115 72.3240 73.0713
March 74.2234 72.8329 73.3178
April 73.9530 73.0438 73.4667
May 84.4940 73.5519 76.7590
June 119.4499 85.3464 101.9273
July 120.7519 119.0185 119.5783
August 120.3545 118.9360 119.5184
September 120.6923 119.3166 119.8675
October 120.4301 119.4162 119.8846
November 121.4746 119.7088 120.2465
December 120.4583 119.5595 120.1209