2024 FJD to MZN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 FJD to MZN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the FJD to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on September 30, valuing the pair at 29.2602. Conversely, the yearly low was recorded on January 22, dropping to 27.1252.
This high-to-low spread represents a total annual volatility of 2.1350 MZN. From a start-to-finish perspective, comparing the January average rate of 28.5651 to the December average rate of 27.6792, the exchange rate registered a net change of -3.10% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 29.2602 was down 1.46% compared to the 2023 peak of 29.6933, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 FJD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
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)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 28.3855, compared to 28.4211 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0357 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was January, with a trading range of 1.9871 MZN (High: 29.1123 / Low: 27.1252). On the other end, June was the most stable month, with a tight range of 0.4859 MZN (High: 28.6490 / Low: 28.1631).
Growth Streaks & Declines
TrendsBetween April and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.5181 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 28.9294) against the same month in 2023 (average: 28.1334), the exchange rate shifted by +0.7960 (+2.83%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 29.1123 | 27.1252 | 28.5651 |
| February | 28.5769 | 28.0849 | 28.4018 |
| March | 28.6779 | 28.0448 | 28.3796 |
| April | 28.5497 | 27.9062 | 28.2229 |
| May | 28.6823 | 27.9154 | 28.3228 |
| June | 28.6490 | 28.1631 | 28.4205 |
| July | 28.7734 | 28.1741 | 28.4725 |
| August | 29.0224 | 28.1535 | 28.6434 |
| September | 29.2602 | 28.4822 | 28.9294 |
| October | 29.1477 | 28.0233 | 28.6048 |
| November | 28.5497 | 27.8370 | 28.1973 |
| December | 28.2282 | 27.4331 | 27.6792 |