2024 BGN to MZN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 BGN to MZN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the BGN to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 25, valuing the pair at 36.5937. Conversely, the yearly low was recorded on December 19, dropping to 33.8296.
This high-to-low spread represents a total annual volatility of 2.7641 MZN. From a start-to-finish perspective, comparing the January average rate of 35.5813 to the December average rate of 34.1970, the exchange rate registered a net change of -3.89% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 36.5937 was down 0.38% compared to the 2023 peak of 36.7330, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BGN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
BGN to MZN Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 35.3173, compared to 35.3763 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0590 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was January, with a trading range of 1.8560 MZN (High: 36.0685 / Low: 34.2125). On the other end, February was the most stable month, with a tight range of 0.4958 MZN (High: 35.5130 / Low: 35.0173).
Growth Streaks & Declines
TrendsBetween June and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.8692 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2024: 36.0110) against the same month in 2023 (average: 35.6147), the exchange rate shifted by +0.3963 (+1.11%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 36.0685 | 34.2125 | 35.5813 |
| February | 35.5130 | 35.0173 | 35.2530 |
| March | 35.7708 | 35.2750 | 35.5142 |
| April | 35.5437 | 34.7075 | 35.0724 |
| May | 35.5866 | 34.8892 | 35.3240 |
| June | 35.6268 | 34.8692 | 35.1588 |
| July | 35.6821 | 35.0653 | 35.4497 |
| August | 36.5937 | 35.2509 | 36.0110 |
| September | 36.5144 | 35.9484 | 36.2782 |
| October | 36.1535 | 35.2085 | 35.5955 |
| November | 35.6814 | 34.0356 | 34.7263 |
| December | 34.5853 | 33.8296 | 34.1970 |