2024 CAD to MZN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 CAD to MZN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the CAD to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 48.2469. Conversely, the yearly low was recorded on December 18, dropping to 44.1356.
This high-to-low spread represents a total annual volatility of 4.1114 MZN. From a start-to-finish perspective, comparing the January average rate of 47.5446 to the December average rate of 44.7802, the exchange rate registered a net change of -5.81% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 48.2469 was down 0.95% compared to the 2023 peak of 48.7114, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 CAD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
CAD 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 47.0325, compared to 46.2335 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.7990 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was January, with a trading range of 2.6309 MZN (High: 48.2469 / Low: 45.6160). On the other end, May was the most stable month, with a tight range of 0.4665 MZN (High: 46.9583 / Low: 46.4918).
Growth Streaks & Declines
TrendsBetween July and September, 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 November and December, when the average rate fell by 0.9246 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 47.5446) against the same month in 2023 (average: 47.6050), the exchange rate shifted by -0.0604 (-0.13%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 48.2469 | 45.6160 | 47.5446 |
| February | 47.7224 | 47.0436 | 47.3383 |
| March | 47.4786 | 46.9341 | 47.1891 |
| April | 47.2476 | 46.2323 | 46.7563 |
| May | 46.9583 | 46.4918 | 46.7507 |
| June | 46.8811 | 46.3981 | 46.6158 |
| July | 46.9320 | 46.0632 | 46.5833 |
| August | 47.4984 | 45.9932 | 46.7536 |
| September | 47.5752 | 46.9497 | 47.1443 |
| October | 47.3378 | 45.8555 | 46.4345 |
| November | 46.1698 | 45.3143 | 45.7048 |
| December | 45.6057 | 44.1356 | 44.7802 |