2023 AOA to MZN Historical Review

YEARLY HIGH

0.1270 MZN

YEARLY LOW

0.0767 MZN

YEARLY AVERAGE

0.0984 MZN

2023 AOA to MZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the AOA to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 28, valuing the pair at 0.1270. Conversely, the yearly low was recorded on December 27, dropping to 0.0767.

This high-to-low spread represents a total annual volatility of 0.0503 MZN. From a start-to-finish perspective, comparing the January average rate of 0.1268 to the December average rate of 0.0769, the exchange rate registered a net change of -39.38% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1270 was down 19.64% compared to the 2022 peak of 0.1581, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 635 MZN

2022 Average 699 MZN

Yearly Trough Low 384 MZN

Transaction Impact: A difference of 251.55 MZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1318

0.0719

JanuMarcMayJulySeptNove

AOA 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 0.1197, compared to 0.0771 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0426 points.

H1 Avg (Jan–Jun) 0.1197

H2 Avg (Jul–Dec) 0.0771

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0310 MZN (High: 0.1084 / Low: 0.0774). On the other end, August was the most stable month, with a tight range of 0.0003 MZN (High: 0.0774 / Low: 0.0771).

June Spread (Volatile) ±0.0310

August Spread (Stable) ±0.0003

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0287 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0287

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.1265) against the same month in 2022 (average: 0.1241), the exchange rate shifted by +0.0024 (+1.95%).

2023 Avg (February) 0.1265

2022 Avg (February) 0.1241

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1270	0.1266	0.1268
February	0.1270	0.1261	0.1265
March	0.1268	0.1258	0.1263
April	0.1263	0.1253	0.1258
May	0.1257	0.1095	0.1207
June	0.1084	0.0774	0.0919
July	0.0775	0.0767	0.0773
August	0.0774	0.0771	0.0773
September	0.0774	0.0769	0.0772
October	0.0774	0.0769	0.0771
November	0.0772	0.0768	0.0770
December	0.0771	0.0767	0.0769