2023 BND to MZN Historical Review

YEARLY HIGH

48.9199 MZN

YEARLY LOW

46.4574 MZN

YEARLY AVERAGE

47.5812 MZN

2023 BND to MZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BND to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 2, valuing the pair at 48.9199. Conversely, the yearly low was recorded on October 3, dropping to 46.4574.

This high-to-low spread represents a total annual volatility of 2.4625 MZN. From a start-to-finish perspective, comparing the January average rate of 48.1474 to the December average rate of 47.9457, the exchange rate registered a net change of -0.42% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 48.9199 was up 2.80% compared to the 2022 peak of 47.5864, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 244,599 MZN

2022 Average 231,668 MZN

Yearly Trough Low 232,287 MZN

Transaction Impact: A difference of 12,312.54 MZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

48.2961

46.5120

JanuMarcMayJulySeptNove

BND 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 47.8362, compared to 47.3263 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.5099 points.

H1 Avg (Jan–Jun) 47.8362

H2 Avg (Jul–Dec) 47.3263

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 1.6367 MZN (High: 48.4915 / Low: 46.8548). On the other end, October was the most stable month, with a tight range of 0.5129 MZN (High: 46.9703 / Low: 46.4574).

July Spread (Volatile) ±1.6367

October Spread (Stable) ±0.5129

Growth Streaks & Declines

Trends

Between October and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.5156 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.5156

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 47.9830) against the same month in 2022 (average: 47.4167), the exchange rate shifted by +0.5663 (+1.19%).

2023 Avg (February) 47.9830

2022 Avg (February) 47.4167

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	48.6711	47.3624	48.1474
February	48.9199	47.4031	47.9830
March	48.2540	47.1885	47.6840
April	48.4023	47.7580	48.0195
May	48.2464	47.1696	47.7068
June	47.8534	47.0367	47.4762
July	48.4915	46.8548	47.7973
August	47.8932	47.0171	47.2817
September	47.2715	46.5667	46.8977
October	46.9703	46.4574	46.6606
November	47.9638	46.6250	47.3745
December	48.4287	47.5062	47.9457