2024 ILS to MZN Historical Review

YEARLY HIGH

17.9286 MZN

YEARLY LOW

16.3370 MZN

YEARLY AVERAGE

17.2659 MZN

2024 ILS to MZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ILS to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 9, valuing the pair at 17.9286. Conversely, the yearly low was recorded on January 22, dropping to 16.3370.

This high-to-low spread represents a total annual volatility of 1.5917 MZN. From a start-to-finish perspective, comparing the January average rate of 17.2047 to the December average rate of 17.6257, the exchange rate registered a net change of 2.45% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 17.9286 was down 5.62% compared to the 2023 peak of 18.9959, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 89,643 MZN

2023 Average 86,768 MZN

Yearly Trough Low 81,685 MZN

Transaction Impact: A difference of 7,958.39 MZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

17.6914

16.9027

JanuMarcMayJulySeptNove

ILS 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 17.2871, compared to 17.2446 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0425 points.

H1 Avg (Jan–Jun) 17.2871

H2 Avg (Jul–Dec) 17.2446

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 1.4002 MZN (High: 17.7372 / Low: 16.3370). On the other end, May was the most stable month, with a tight range of 0.4418 MZN (High: 17.4686 / Low: 17.0268).

January Spread (Volatile) ±1.4002

May Spread (Stable) ±0.4418

Growth Streaks & Declines

Trends

Between January and March, 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 March and April, when the average rate fell by 0.5727 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.5727

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 17.6257) against the same month in 2023 (average: 17.4355), the exchange rate shifted by +0.1902 (+1.09%).

2024 Avg (December) 17.6257

2023 Avg (December) 17.4355

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	17.7372	16.3370	17.2047
February	17.8894	17.2759	17.5313
March	17.9047	17.3137	17.5911
April	17.3892	16.6857	17.0184
May	17.4686	17.0268	17.2618
June	17.4131	16.9678	17.1154
July	17.6874	16.9269	17.3977
August	17.6135	16.6721	17.1718
September	17.5998	16.8703	17.1233
October	17.2632	16.7455	16.9684
November	17.5872	17.0144	17.1808
December	17.9286	17.3250	17.6257