2023 JMD to MZN Historical Review

YEARLY HIGH

0.4272 MZN

YEARLY LOW

0.4080 MZN

YEARLY AVERAGE

0.4146 MZN

2023 JMD to MZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JMD to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on March 19, valuing the pair at 0.4272. Conversely, the yearly low was recorded on November 8, dropping to 0.4080.

This high-to-low spread represents a total annual volatility of 0.0191 MZN. From a start-to-finish perspective, comparing the January average rate of 0.4179 to the December average rate of 0.4113, the exchange rate registered a net change of -1.59% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4272 was down 0.91% compared to the 2022 peak of 0.4311, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,136 MZN

2022 Average 2,081 MZN

Yearly Trough Low 2,040 MZN

Transaction Impact: A difference of 95.74 MZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4215

0.4103

JanuMarcMayJulySeptNove

JMD 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 0.4168, compared to 0.4124 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0044 points.

H1 Avg (Jan–Jun) 0.4168

H2 Avg (Jul–Dec) 0.4124

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0126 MZN (High: 0.4272 / Low: 0.4145). On the other end, September was the most stable month, with a tight range of 0.0035 MZN (High: 0.4148 / Low: 0.4112).

March Spread (Volatile) ±0.0126

September Spread (Stable) ±0.0035

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0054 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0054

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.4206) against the same month in 2022 (average: 0.4158), the exchange rate shifted by +0.0047 (+1.14%).

2023 Avg (March) 0.4206

2022 Avg (March) 0.4158

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4231	0.4145	0.4179
February	0.4170	0.4098	0.4143
March	0.4272	0.4145	0.4206
April	0.4243	0.4159	0.4198
May	0.4181	0.4115	0.4145
June	0.4168	0.4116	0.4136
July	0.4173	0.4102	0.4135
August	0.4162	0.4095	0.4130
September	0.4148	0.4112	0.4134
October	0.4139	0.4101	0.4122
November	0.4157	0.4080	0.4112
December	0.4136	0.4083	0.4113