2024 AFN to MZN Historical Review

YEARLY HIGH

0.9818 MZN

YEARLY LOW

0.8488 MZN

YEARLY AVERAGE

0.9067 MZN

2024 AFN to MZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the AFN to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on October 17, valuing the pair at 0.9818. Conversely, the yearly low was recorded on February 3, dropping to 0.8488.

This high-to-low spread represents a total annual volatility of 0.1330 MZN. From a start-to-finish perspective, comparing the January average rate of 0.8920 to the December average rate of 0.9200, the exchange rate registered a net change of 3.14% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.9818 was up 5.67% compared to the 2023 peak of 0.9291, 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 4,909 MZN

2023 Average 3,890 MZN

Yearly Trough Low 4,244 MZN

Transaction Impact: A difference of 665.00 MZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.9606

0.8652

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 0.8898, compared to 0.9236 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0337 points.

H1 Avg (Jan–Jun) 0.8898

H2 Avg (Jul–Dec) 0.9236

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 0.0616 MZN (High: 0.9129 / Low: 0.8513). On the other end, July was the most stable month, with a tight range of 0.0130 MZN (High: 0.9108 / Low: 0.8978).

January Spread (Volatile) ±0.0616

July Spread (Stable) ±0.0130

Growth Streaks & Declines

Trends

Between February and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0243 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0243

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2024: 0.9526) against the same month in 2023 (average: 0.8457), the exchange rate shifted by +0.1069 (+12.64%).

2024 Avg (October) 0.9526

2023 Avg (October) 0.8457

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9129	0.8513	0.8920
February	0.8851	0.8488	0.8731
March	0.9010	0.8750	0.8853
April	0.8982	0.8828	0.8910
May	0.9064	0.8834	0.8915
June	0.9161	0.8906	0.9059
July	0.9108	0.8978	0.9029
August	0.9125	0.8979	0.9025
September	0.9393	0.8996	0.9191
October	0.9818	0.9283	0.9526
November	0.9562	0.9350	0.9443
December	0.9468	0.9056	0.9200