2023 BIF to MZN Historical Review

YEARLY HIGH

0.0312 MZN

YEARLY LOW

0.0223 MZN

YEARLY AVERAGE

0.0257 MZN

2023 BIF to MZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BIF to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 0.0312. Conversely, the yearly low was recorded on December 17, dropping to 0.0223.

This high-to-low spread represents a total annual volatility of 0.0088 MZN. From a start-to-finish perspective, comparing the January average rate of 0.0309 to the December average rate of 0.0224, the exchange rate registered a net change of -27.43% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0312 was down 3.39% compared to the 2022 peak of 0.0323, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 156 MZN

2022 Average 156 MZN

Yearly Trough Low 112 MZN

Transaction Impact: A difference of 44.16 MZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0317

0.0216

JanuMarcMayJulySeptNove

BIF 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 0.0288, compared to 0.0225 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0063 points.

H1 Avg (Jan–Jun) 0.0288

H2 Avg (Jul–Dec) 0.0225

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0081 MZN (High: 0.0307 / Low: 0.0226). On the other end, December was the most stable month, with a tight range of 0.0001 MZN (High: 0.0225 / Low: 0.0223).

May Spread (Volatile) ±0.0081

December Spread (Stable) ±0.0001

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 0.0047 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.0047

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.0308) against the same month in 2022 (average: 0.0315), the exchange rate shifted by -0.0008 (-2.44%).

2023 Avg (March) 0.0308

2022 Avg (March) 0.0315

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0310	0.0308	0.0309
February	0.0310	0.0306	0.0308
March	0.0312	0.0306	0.0308
April	0.0310	0.0306	0.0307
May	0.0307	0.0226	0.0273
June	0.0227	0.0225	0.0226
July	0.0227	0.0224	0.0225
August	0.0226	0.0225	0.0225
September	0.0226	0.0224	0.0225
October	0.0226	0.0224	0.0225
November	0.0227	0.0224	0.0225
December	0.0225	0.0223	0.0224