2021 GHS to MZN Historical Review

YEARLY HIGH

13.0496 MZN

YEARLY LOW

9.5847 MZN

YEARLY AVERAGE

11.0865 MZN

2021 GHS to MZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the GHS to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 23, valuing the pair at 13.0496. Conversely, the yearly low was recorded on April 19, dropping to 9.5847.

This high-to-low spread represents a total annual volatility of 3.4649 MZN. From a start-to-finish perspective, comparing the January average rate of 12.8040 to the December average rate of 10.3972, the exchange rate registered a net change of -18.80% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 13.0496 was up 1.98% compared to the 2020 peak of 12.7957, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 65,248 MZN

2020 Average 60,516 MZN

Yearly Trough Low 47,923 MZN

Transaction Impact: A difference of 17,324.50 MZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

13.2434

9.9732

JanuMarcMayJulySeptNove

GHS 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 11.6374, compared to 10.5355 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.1020 points.

H1 Avg (Jan–Jun) 11.6374

H2 Avg (Jul–Dec) 10.5355

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 2.0554 MZN (High: 11.6401 / Low: 9.5847). On the other end, October was the most stable month, with a tight range of 0.0954 MZN (High: 10.5548 / Low: 10.4594).

April Spread (Volatile) ±2.0554

October Spread (Stable) ±0.0954

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2021. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 2.2851 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -2.2851

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2021: 12.9709) against the same month in 2020 (average: 11.9809), the exchange rate shifted by +0.9900 (+8.26%).

2021 Avg (February) 12.9709

2020 Avg (February) 11.9809

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.9158	12.6817	12.8040
February	13.0496	12.9000	12.9709
March	13.0346	11.8763	12.6654
April	11.6401	9.5847	10.3803
May	10.5283	9.9287	10.2457
June	10.8981	10.5548	10.7583
July	10.8454	10.6363	10.7133
August	10.6980	10.5292	10.5808
September	10.7017	10.5228	10.5772
October	10.5548	10.4594	10.5169
November	10.5038	10.3862	10.4274
December	10.5017	10.3183	10.3972