2023 CVE to MZN Historical Review

YEARLY HIGH

0.6516 MZN

YEARLY LOW

0.6060 MZN

YEARLY AVERAGE

0.6257 MZN

2023 CVE to MZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CVE to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on July 15, valuing the pair at 0.6516. Conversely, the yearly low was recorded on October 3, dropping to 0.6060.

This high-to-low spread represents a total annual volatility of 0.0456 MZN. From a start-to-finish perspective, comparing the January average rate of 0.6234 to the December average rate of 0.6314, the exchange rate registered a net change of 1.29% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.6516 was down 1.52% compared to the 2022 peak of 0.6617, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,258 MZN

2022 Average 3,044 MZN

Yearly Trough Low 3,030 MZN

Transaction Impact: A difference of 228.05 MZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6418

0.6085

JanuMarcMayJulySeptNove

CVE 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 0.6254, compared to 0.6261 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0008 points.

H1 Avg (Jan–Jun) 0.6254

H2 Avg (Jul–Dec) 0.6261

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0272 MZN (High: 0.6516 / Low: 0.6245). On the other end, October was the most stable month, with a tight range of 0.0100 MZN (High: 0.6161 / Low: 0.6060).

July Spread (Volatile) ±0.0272

October Spread (Stable) ±0.0100

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 August and September, when the average rate fell by 0.0129 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0129

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.6390) against the same month in 2022 (average: 0.5938), the exchange rate shifted by +0.0452 (+7.60%).

2023 Avg (July) 0.6390

2022 Avg (July) 0.5938

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6302	0.6094	0.6234
February	0.6334	0.6124	0.6201
March	0.6308	0.6107	0.6199
April	0.6435	0.6283	0.6343
May	0.6381	0.6186	0.6283
June	0.6341	0.6093	0.6262
July	0.6516	0.6245	0.6390
August	0.6387	0.6251	0.6315
September	0.6278	0.6095	0.6187
October	0.6161	0.6060	0.6113
November	0.6353	0.6089	0.6248
December	0.6419	0.6179	0.6314