2021 ETB to MZN Historical Review

YEARLY HIGH

1.9099 MZN

YEARLY LOW

0.2820 MZN

YEARLY AVERAGE

1.5066 MZN

2021 ETB to MZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the ETB to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 30, valuing the pair at 1.9099. Conversely, the yearly low was recorded on December 27, dropping to 0.2820.

This high-to-low spread represents a total annual volatility of 1.6279 MZN. From a start-to-finish perspective, comparing the January average rate of 1.9014 to the December average rate of 1.2805, the exchange rate registered a net change of -32.66% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 1.9099 was down 7.70% compared to the 2020 peak of 2.0693, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 9,550 MZN

2020 Average 9,940 MZN

Yearly Trough Low 1,410 MZN

Transaction Impact: A difference of 8,139.62 MZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

1.9635

1.2184

JanuMarcMayJulySeptNove

ETB 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 1.6417, compared to 1.3715 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2702 points.

H1 Avg (Jan–Jun) 1.6417

H2 Avg (Jul–Dec) 1.3715

Volatility Range Comparison

Volatility

The most volatile month in 2021 was December, with a trading range of 1.0524 MZN (High: 1.3343 / Low: 0.2820). On the other end, January was the most stable month, with a tight range of 0.0211 MZN (High: 1.9099 / Low: 1.8888).

December Spread (Volatile) ±1.0524

January Spread (Stable) ±0.0211

Growth Streaks & Declines

Trends

Between May and July, 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 March and April, when the average rate fell by 0.3560 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.3560

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2021: 1.9014) against the same month in 2020 (average: 1.9512), the exchange rate shifted by -0.0497 (-2.55%).

2021 Avg (January) 1.9014

2020 Avg (January) 1.9512

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.9099	1.8888	1.9014
February	1.9097	1.8560	1.8869
March	1.8581	1.6747	1.7967
April	1.6347	1.3260	1.4407
May	1.4145	1.3610	1.3870
June	1.4573	1.4093	1.4374
July	1.4554	1.4337	1.4428
August	1.4412	1.3959	1.4113
September	1.4011	1.3723	1.3853
October	1.3804	1.3495	1.3651
November	1.3519	1.3251	1.3439
December	1.3343	0.2820	1.2805