2024 CVE to MZN Historical Review

YEARLY HIGH

0.6487 MZN

YEARLY LOW

0.6008 MZN

YEARLY AVERAGE

0.6264 MZN

2024 CVE to MZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CVE to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 25, valuing the pair at 0.6487. Conversely, the yearly low was recorded on December 20, dropping to 0.6008.

This high-to-low spread represents a total annual volatility of 0.0478 MZN. From a start-to-finish perspective, comparing the January average rate of 0.6308 to the December average rate of 0.6068, the exchange rate registered a net change of -3.80% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.6487 was down 0.46% compared to the 2023 peak of 0.6516, 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 3,243 MZN

2023 Average 3,129 MZN

Yearly Trough Low 3,004 MZN

Transaction Impact: A difference of 239.21 MZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.6463

0.6032

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 0.6259, compared to 0.6269 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0010 points.

H1 Avg (Jan–Jun) 0.6259

H2 Avg (Jul–Dec) 0.6269

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 0.0336 MZN (High: 0.6401 / Low: 0.6065). On the other end, February was the most stable month, with a tight range of 0.0078 MZN (High: 0.6280 / Low: 0.6202).

January Spread (Volatile) ±0.0336

February Spread (Stable) ±0.0078

Growth Streaks & Declines

Trends

Between June and September, 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 October and November, when the average rate fell by 0.0147 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0147

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 0.6369) against the same month in 2023 (average: 0.6315), the exchange rate shifted by +0.0054 (+0.85%).

2024 Avg (August) 0.6369

2023 Avg (August) 0.6315

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6401	0.6065	0.6308
February	0.6280	0.6202	0.6246
March	0.6339	0.6242	0.6292
April	0.6299	0.6161	0.6227
May	0.6314	0.6166	0.6255
June	0.6310	0.6177	0.6230
July	0.6330	0.6198	0.6282
August	0.6487	0.6226	0.6369
September	0.6470	0.6381	0.6427
October	0.6421	0.6243	0.6308
November	0.6310	0.6034	0.6160
December	0.6135	0.6008	0.6068