2023 ISK to MZN Historical Review

YEARLY HIGH

0.4896 MZN

YEARLY LOW

0.4408 MZN

YEARLY AVERAGE

0.4635 MZN

2023 ISK to MZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ISK to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 30, valuing the pair at 0.4896. Conversely, the yearly low was recorded on February 16, dropping to 0.4408.

This high-to-low spread represents a total annual volatility of 0.0488 MZN. From a start-to-finish perspective, comparing the January average rate of 0.4471 to the December average rate of 0.4634, the exchange rate registered a net change of 3.66% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4896 was down 4.83% compared to the 2022 peak of 0.5144, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,448 MZN

2022 Average 2,366 MZN

Yearly Trough Low 2,204 MZN

Transaction Impact: A difference of 243.99 MZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4881

0.4429

JanuMarcMayJulySeptNove

ISK 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 0.4572, compared to 0.4697 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0125 points.

H1 Avg (Jan–Jun) 0.4572

H2 Avg (Jul–Dec) 0.4697

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0260 MZN (High: 0.4890 / Low: 0.4631). On the other end, August was the most stable month, with a tight range of 0.0076 MZN (High: 0.4896 / Low: 0.4820).

July Spread (Volatile) ±0.0260

August Spread (Stable) ±0.0076

Growth Streaks & Declines

Trends

Between May and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0122 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0122

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.4844) against the same month in 2022 (average: 0.4608), the exchange rate shifted by +0.0236 (+5.12%).

2023 Avg (August) 0.4844

2022 Avg (August) 0.4608

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4531	0.4414	0.4471
February	0.4584	0.4408	0.4467
March	0.4705	0.4479	0.4567
April	0.4736	0.4635	0.4680
May	0.4712	0.4533	0.4614
June	0.4747	0.4530	0.4635
July	0.4890	0.4631	0.4808
August	0.4896	0.4820	0.4844
September	0.4839	0.4633	0.4722
October	0.4662	0.4561	0.4608
November	0.4664	0.4443	0.4567
December	0.4710	0.4561	0.4634