2023 ZAR to AOA Historical Review

YEARLY HIGH

47.0310 AOA

YEARLY LOW

26.3770 AOA

YEARLY AVERAGE

37.0572 AOA

2023 ZAR to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ZAR to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on July 25, valuing the pair at 47.0310. Conversely, the yearly low was recorded on May 13, dropping to 26.3770.

This high-to-low spread represents a total annual volatility of 20.6540 AOA. From a start-to-finish perspective, comparing the January average rate of 29.5042 to the December average rate of 44.6915, the exchange rate registered a net change of 51.47% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 47.0310 was up 32.19% compared to the 2022 peak of 35.5783, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 ZAR based on timing:

Yearly Peak High 2,351,551 AOA

2022 Average 1,413,338 AOA

Yearly Trough Low 1,318,852 AOA

Transaction Impact: A difference of 1,032,698.79 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

47.1154

25.9289

JanuMarcMayJulySeptNove

ZAR 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 29.7887, compared to 44.3258 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 14.5371 points.

H1 Avg (Jan–Jun) 29.7887

H2 Avg (Jul–Dec) 44.3258

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 14.1713 AOA (High: 44.2100 / Low: 30.0387). On the other end, April was the most stable month, with a tight range of 1.0935 AOA (High: 28.5211 / Low: 27.4276).

June Spread (Volatile) ±14.1713

April Spread (Stable) ±1.0935

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 1.3751 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.3751

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 45.3499) against the same month in 2022 (average: 25.6196), the exchange rate shifted by +19.7303 (+77.01%).

2023 Avg (July) 45.3499

2022 Avg (July) 25.6196

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	30.0835	28.9745	29.5042
February	29.5835	27.4448	28.1832
March	28.5211	26.8747	27.6945
April	28.5211	27.4276	27.9434
May	29.5848	26.3770	27.7521
June	44.2100	30.0387	37.6545
July	47.0310	43.2185	45.3499
August	45.2223	43.1223	43.9748
September	44.3105	43.0634	43.6625
October	44.4942	42.4582	43.4984
November	45.6981	43.8291	44.7777
December	45.5353	43.5285	44.6915