YEARLY HIGH
3.1261 MZN
YEARLY LOW
2.3018 MZN
YEARLY AVERAGE
2.7204 MZN

2021 HNL to MZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the HNL to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 30, valuing the pair at 3.1261. Conversely, the yearly low was recorded on April 15, dropping to 2.3018.

This high-to-low spread represents a total annual volatility of 0.8243 MZN. From a start-to-finish perspective, comparing the January average rate of 3.0912 to the December average rate of 2.6301, the exchange rate registered a net change of -14.92% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 3.1261 was up 0.72% compared to the 2020 peak of 3.1037, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 15,630 MZN
2020 Average 14,040 MZN
Yearly Trough Low 11,509 MZN
Transaction Impact: A difference of 4,121.28 MZN purely based on transaction execution date.

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3.1652
2.3906
JanuMarcMayJulySeptNove

HNL 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 2.7901, compared to 2.6507 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1394 points.

H1 Avg (Jan–Jun) 2.7901
H2 Avg (Jul–Dec) 2.6507

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 0.4795 MZN (High: 2.7814 / Low: 2.3018). On the other end, November was the most stable month, with a tight range of 0.0095 MZN (High: 2.6487 / Low: 2.6392).

April Spread (Volatile) Âą0.4795
November Spread (Stable) Âą0.0095

Growth Streaks & Declines

Trends

Between May and August, 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 March and April, when the average rate fell by 0.5146 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.5146

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2021: 3.0912) against the same month in 2020 (average: 2.5237), the exchange rate shifted by +0.5675 (+22.49%).

2021 Avg (January) 3.0912
2020 Avg (January) 2.5237

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Month High Low Average
January 3.1261 3.0035 3.0912
February 3.1191 3.0872 3.1007
March 3.0794 2.8477 3.0042
April 2.7814 2.3018 2.4897
May 2.5369 2.3820 2.4551
June 2.6522 2.5370 2.5996
July 2.6846 2.6458 2.6628
August 2.6870 2.6569 2.6775
September 2.6706 2.6344 2.6480
October 2.6536 2.6353 2.6428
November 2.6487 2.6392 2.6428
December 2.6477 2.6136 2.6301