2023 FJD to MZN Historical Review

YEARLY HIGH

29.6933 MZN

YEARLY LOW

27.7061 MZN

YEARLY AVERAGE

28.6532 MZN

2023 FJD to MZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the FJD to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 25, valuing the pair at 29.6933. Conversely, the yearly low was recorded on November 13, dropping to 27.7061.

This high-to-low spread represents a total annual volatility of 1.9872 MZN. From a start-to-finish perspective, comparing the January average rate of 29.3329 to the December average rate of 28.8351, the exchange rate registered a net change of -1.70% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 29.6933 was down 3.21% compared to the 2022 peak of 30.6782, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 148,467 MZN

2022 Average 145,991 MZN

Yearly Trough Low 138,531 MZN

Transaction Impact: A difference of 9,935.99 MZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

29.4668

27.8600

JanuMarcMayJulySeptNove

FJD 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 28.9233, compared to 28.3831 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.5402 points.

H1 Avg (Jan–Jun) 28.9233

H2 Avg (Jul–Dec) 28.3831

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 1.1844 MZN (High: 29.3112 / Low: 28.1268). On the other end, March was the most stable month, with a tight range of 0.4234 MZN (High: 28.9651 / Low: 28.5417).

July Spread (Volatile) ±1.1844

March Spread (Stable) ±0.4234

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 July and August, when the average rate fell by 0.4542 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.4542

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 29.3329) against the same month in 2022 (average: 29.9730), the exchange rate shifted by -0.6400 (-2.14%).

2023 Avg (January) 29.3329

2022 Avg (January) 29.9730

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	29.6933	28.7434	29.3329
February	29.4953	28.7929	29.1278
March	28.9651	28.5417	28.8023
April	29.0990	28.5625	28.8611
May	29.0691	28.3678	28.7093
June	29.0887	28.2377	28.7061
July	29.3112	28.1268	28.7589
August	28.7946	27.8147	28.3048
September	28.2508	27.7947	28.1334
October	28.2591	27.7112	27.9939
November	28.7046	27.7061	28.2723
December	29.1592	28.5146	28.8351