2024 EGP to MZN Historical Review

YEARLY HIGH

2.0799 MZN

YEARLY LOW

1.2497 MZN

YEARLY AVERAGE

1.4532 MZN

2024 EGP to MZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the EGP to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 7, valuing the pair at 2.0799. Conversely, the yearly low was recorded on December 23, dropping to 1.2497.

This high-to-low spread represents a total annual volatility of 0.8302 MZN. From a start-to-finish perspective, comparing the January average rate of 2.0652 to the December average rate of 1.2630, the exchange rate registered a net change of -38.85% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.0799 was down 19.49% compared to the 2023 peak of 2.5835, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 10,399 MZN

2023 Average 10,427 MZN

Yearly Trough Low 6,248 MZN

Transaction Impact: A difference of 4,151.04 MZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.1471

1.1826

JanuMarcMayJulySeptNove

EGP 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 1.6024, compared to 1.3039 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2985 points.

H1 Avg (Jan–Jun) 1.6024

H2 Avg (Jul–Dec) 1.3039

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.7795 MZN (High: 2.0685 / Low: 1.2891). On the other end, September was the most stable month, with a tight range of 0.0119 MZN (High: 1.3230 / Low: 1.3111).

March Spread (Volatile) ±0.7795

September Spread (Stable) ±0.0119

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.6130 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.6130

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 2.0652) against the same month in 2023 (average: 2.2416), the exchange rate shifted by -0.1764 (-7.87%).

2024 Avg (January) 2.0652

2023 Avg (January) 2.2416

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.0799	1.9893	2.0652
February	2.0731	2.0474	2.0667
March	2.0685	1.2891	1.4538
April	1.3562	1.3173	1.3380
May	1.3701	1.3323	1.3515
June	1.3562	1.3197	1.3392
July	1.3334	1.3152	1.3262
August	1.3154	1.2943	1.3066
September	1.3230	1.3111	1.3184
October	1.3245	1.3054	1.3151
November	1.3108	1.2863	1.2944
December	1.2852	1.2497	1.2630