2023 JOD to MZN Historical Review

YEARLY HIGH

90.2895 MZN

YEARLY LOW

89.3008 MZN

YEARLY AVERAGE

90.0567 MZN

2023 JOD to MZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JOD to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on September 7, valuing the pair at 90.2895. Conversely, the yearly low was recorded on July 6, dropping to 89.3008.

This high-to-low spread represents a total annual volatility of 0.9887 MZN. From a start-to-finish perspective, comparing the January average rate of 90.0517 to the December average rate of 90.0391, the exchange rate registered a net change of -0.01% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 90.2895 was up 0.10% compared to the 2022 peak of 90.1975, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 451,448 MZN

2022 Average 450,336 MZN

Yearly Trough Low 446,504 MZN

Transaction Impact: A difference of 4,943.53 MZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

90.2136

89.9078

JanuMarcMayJulySeptNove

JOD 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 90.0486, compared to 90.0649 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0163 points.

H1 Avg (Jan–Jun) 90.0486

H2 Avg (Jul–Dec) 90.0649

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.7753 MZN (High: 90.0761 / Low: 89.3008). On the other end, April was the most stable month, with a tight range of 0.0832 MZN (High: 90.0888 / Low: 90.0056).

July Spread (Volatile) ±0.7753

April Spread (Stable) ±0.0832

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 September and October, when the average rate fell by 0.1362 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.1362

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2023: 90.1576) against the same month in 2022 (average: 90.1087), the exchange rate shifted by +0.0489 (+0.05%).

2023 Avg (September) 90.1576

2022 Avg (September) 90.1087

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	90.1593	89.9422	90.0517
February	90.2171	90.0000	90.0721
March	90.0761	89.9169	90.0398
April	90.0888	90.0056	90.0411
May	90.0888	89.8647	90.0274
June	90.0986	90.0056	90.0593
July	90.0761	89.3008	89.9333
August	90.2444	90.0254	90.1881
September	90.2895	89.9549	90.1576
October	90.1015	89.7689	90.0214
November	90.0888	90.0028	90.0498
December	90.0761	89.9803	90.0391