2023 GNF to MZN Historical Review

YEARLY HIGH

0.0075 MZN

YEARLY LOW

0.0073 MZN

YEARLY AVERAGE

0.0074 MZN

2023 GNF to MZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GNF to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on March 19, valuing the pair at 0.0075. Conversely, the yearly low was recorded on January 27, dropping to 0.0073.

This high-to-low spread represents a total annual volatility of 0.0003 MZN. From a start-to-finish perspective, comparing the January average rate of 0.0074 to the December average rate of 0.0074, the exchange rate registered a net change of 0.73% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0075 was up 0.35% compared to the 2022 peak of 0.0075, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 38 MZN

2022 Average 36 MZN

Yearly Trough Low 36 MZN

Transaction Impact: A difference of 1.33 MZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0074

JanuMarcMayJulySeptNove

GNF 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 0.0074, compared to 0.0074 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.0074

H2 Avg (Jul–Dec) 0.0074

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0003 MZN (High: 0.0075 / Low: 0.0073). On the other end, May was the most stable month, with a tight range of 0.0001 MZN (High: 0.0074 / Low: 0.0074).

March Spread (Volatile) ±0.0003

May Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between May and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0000 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.0074) against the same month in 2022 (average: 0.0071), the exchange rate shifted by +0.0003 (+3.65%).

2023 Avg (March) 0.0074

2022 Avg (March) 0.0071

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0074	0.0073	0.0074
February	0.0075	0.0073	0.0074
March	0.0075	0.0073	0.0074
April	0.0075	0.0074	0.0074
May	0.0074	0.0074	0.0074
June	0.0075	0.0074	0.0074
July	0.0075	0.0073	0.0074
August	0.0074	0.0074	0.0074
September	0.0075	0.0074	0.0074
October	0.0075	0.0074	0.0074
November	0.0075	0.0074	0.0074
December	0.0075	0.0074	0.0074