2023 ZMW to AOA Historical Review

YEARLY HIGH

832.5000 AOA

YEARLY LOW

503.1728 AOA

YEARLY AVERAGE

685.3952 AOA

2023 ZMW to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ZMW to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on November 5, valuing the pair at 832.5000. Conversely, the yearly low was recorded on January 23, dropping to 503.1728.

This high-to-low spread represents a total annual volatility of 329.3272 AOA. From a start-to-finish perspective, comparing the January average rate of 503.8029 to the December average rate of 830.9694, the exchange rate registered a net change of 64.94% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 832.5000 was up 50.15% compared to the 2022 peak of 554.4490, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,162,500 AOA

2022 Average 2,303,171 AOA

Yearly Trough Low 2,515,864 AOA

Transaction Impact: A difference of 1,646,636.00 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

863.6861

471.0863

JanuMarcMayJulySeptNove

ZMW 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 542.7708, compared to 828.0197 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 285.2489 points.

H1 Avg (Jan–Jun) 542.7708

H2 Avg (Jul–Dec) 828.0197

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 235.9780 AOA (High: 825.5000 / Low: 589.5220). On the other end, January was the most stable month, with a tight range of 1.3763 AOA (High: 504.5491 / Low: 503.1728).

June Spread (Volatile) ±235.9780

January Spread (Stable) ±1.3763

Growth Streaks & Declines

Trends

Between January and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.2894 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.2894

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 829.9200) against the same month in 2022 (average: 500.3271), the exchange rate shifted by +329.5928 (+65.88%).

2023 Avg (November) 829.9200

2022 Avg (November) 500.3271

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	504.5491	503.1728	503.8029
February	507.5000	503.4275	504.9807
March	507.6172	503.8910	505.9173
April	509.5000	505.8820	507.5565
May	583.5818	508.2415	530.1883
June	825.5000	589.5220	704.1789
July	826.5340	823.7111	825.4945
August	828.0000	824.7710	825.8505
September	831.0000	825.0010	828.0866
October	829.8280	825.5261	827.7971
November	832.5000	827.7160	829.9200
December	832.5000	828.7950	830.9694