2024 FKP to MZN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 FKP to MZN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the FKP to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on September 24, valuing the pair at 85.7305. Conversely, the yearly low was recorded on January 22, dropping to 78.1215.
This high-to-low spread represents a total annual volatility of 7.6090 MZN. From a start-to-finish perspective, comparing the January average rate of 81.0703 to the December average rate of 80.6822, the exchange rate registered a net change of -0.48% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 85.7305 was up 2.23% compared to the 2023 peak of 83.8574, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 FKP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
FKP 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 80.8170, compared to 82.4819 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.6649 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 3.6341 MZN (High: 84.6678 / Low: 81.0337). On the other end, June was the most stable month, with a tight range of 1.2387 MZN (High: 81.8236 / Low: 80.5849).
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 October and November, when the average rate fell by 1.8730 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 84.4421) against the same month in 2023 (average: 79.1430), the exchange rate shifted by +5.2991 (+6.70%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 81.5959 | 78.1215 | 81.0703 |
| February | 81.4168 | 80.0589 | 80.6899 |
| March | 82.0983 | 80.5613 | 81.1988 |
| April | 81.0071 | 79.1004 | 80.0170 |
| May | 81.6222 | 79.8189 | 80.7431 |
| June | 81.8236 | 80.5849 | 81.1828 |
| July | 83.0624 | 80.7703 | 82.2236 |
| August | 84.6678 | 81.0337 | 82.7194 |
| September | 85.7305 | 83.2486 | 84.4421 |
| October | 84.7949 | 82.4153 | 83.3485 |
| November | 83.3112 | 80.0792 | 81.4755 |
| December | 81.6642 | 79.7697 | 80.6822 |