2023 GMD to MZN Historical Review

YEARLY HIGH

1.0776 MZN

YEARLY LOW

0.9473 MZN

YEARLY AVERAGE

1.0272 MZN

2023 GMD to MZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GMD to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on June 12, valuing the pair at 1.0776. Conversely, the yearly low was recorded on December 12, dropping to 0.9473.

This high-to-low spread represents a total annual volatility of 0.1302 MZN. From a start-to-finish perspective, comparing the January average rate of 1.0300 to the December average rate of 0.9484, the exchange rate registered a net change of -7.92% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.0776 was down 11.23% compared to the 2022 peak of 1.2139, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,388 MZN

2022 Average 5,780 MZN

Yearly Trough Low 4,737 MZN

Transaction Impact: A difference of 651.21 MZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.0867

0.9358

JanuMarcMayJulySeptNove

GMD 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 1.0487, compared to 1.0057 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0429 points.

H1 Avg (Jan–Jun) 1.0487

H2 Avg (Jul–Dec) 1.0057

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0751 MZN (High: 1.0567 / Low: 0.9816). On the other end, June was the most stable month, with a tight range of 0.0061 MZN (High: 1.0776 / Low: 1.0714).

September Spread (Volatile) ±0.0751

June Spread (Stable) ±0.0061

Growth Streaks & Declines

Trends

Between April and June, 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 September and October, when the average rate fell by 0.0610 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0610

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 1.0741) against the same month in 2022 (average: 1.1811), the exchange rate shifted by -0.1069 (-9.06%).

2023 Avg (June) 1.0741

2022 Avg (June) 1.1811

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0446	1.0228	1.0300
February	1.0484	1.0373	1.0459
March	1.0472	1.0274	1.0407
April	1.0651	1.0249	1.0329
May	1.0730	1.0615	1.0685
June	1.0776	1.0714	1.0741
July	1.0726	1.0621	1.0694
August	1.0575	1.0495	1.0540
September	1.0567	0.9816	1.0344
October	0.9895	0.9682	0.9733
November	0.9823	0.9491	0.9550
December	0.9535	0.9473	0.9484