2023 AFN to MZN Historical Review

YEARLY HIGH

0.9291 MZN

YEARLY LOW

0.6984 MZN

YEARLY AVERAGE

0.7776 MZN

2023 AFN to MZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the AFN to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on November 18, valuing the pair at 0.9291. Conversely, the yearly low was recorded on April 18, dropping to 0.6984.

This high-to-low spread represents a total annual volatility of 0.2308 MZN. From a start-to-finish perspective, comparing the January average rate of 0.7190 to the December average rate of 0.9132, the exchange rate registered a net change of 27.01% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.9291 was up 24.15% compared to the 2022 peak of 0.7484, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,646 MZN

2022 Average 3,557 MZN

Yearly Trough Low 3,492 MZN

Transaction Impact: A difference of 1,153.79 MZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.9332

0.6928

JanuMarcMayJulySeptNove

AFN to MZN 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 0.7276, compared to 0.8277 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1001 points.

H1 Avg (Jan–Jun) 0.7276

H2 Avg (Jul–Dec) 0.8277

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0879 MZN (High: 0.8714 / Low: 0.7835). On the other end, December was the most stable month, with a tight range of 0.0193 MZN (High: 0.9222 / Low: 0.9029).

September Spread (Volatile) ±0.0879

December Spread (Stable) ±0.0193

Growth Streaks & Declines

Trends

Between July and December, 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 April and May, when the average rate fell by 0.0073 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0073

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.8945) against the same month in 2022 (average: 0.7265), the exchange rate shifted by +0.1680 (+23.13%).

2023 Avg (November) 0.8945

2022 Avg (November) 0.7265

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7287	0.7091	0.7190
February	0.7285	0.7035	0.7128
March	0.7463	0.7140	0.7293
April	0.7494	0.6984	0.7374
May	0.7417	0.7187	0.7301
June	0.7503	0.7297	0.7369
July	0.7485	0.7268	0.7364
August	0.7860	0.7360	0.7565
September	0.8714	0.7835	0.8201
October	0.8715	0.8144	0.8457
November	0.9291	0.8570	0.8945
December	0.9222	0.9029	0.9132