2024 JOD to MZN Historical Review

YEARLY HIGH

90.4345 MZN

YEARLY LOW

86.6695 MZN

YEARLY AVERAGE

90.1162 MZN

2024 JOD to MZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the JOD to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on April 14, valuing the pair at 90.4345. Conversely, the yearly low was recorded on January 22, dropping to 86.6695.

This high-to-low spread represents a total annual volatility of 3.7650 MZN. From a start-to-finish perspective, comparing the January average rate of 89.9232 to the December average rate of 90.0388, the exchange rate registered a net change of 0.13% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 90.4345 was up 0.16% compared to the 2023 peak of 90.2895, 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 452,173 MZN

2023 Average 450,282 MZN

Yearly Trough Low 433,347 MZN

Transaction Impact: A difference of 18,825.23 MZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

90.2739

89.8913

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 90.1118, compared to 90.1207 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0089 points.

H1 Avg (Jan–Jun) 90.1118

H2 Avg (Jul–Dec) 90.1207

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 3.4066 MZN (High: 90.0761 / Low: 86.6695). On the other end, September was the most stable month, with a tight range of 0.0733 MZN (High: 90.1651 / Low: 90.0917).

January Spread (Volatile) ±3.4066

September Spread (Stable) ±0.0733

Growth Streaks & Declines

Trends

Between January and April, 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 April and May, when the average rate fell by 0.0991 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0991

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 90.2420) against the same month in 2023 (average: 90.0411), the exchange rate shifted by +0.2010 (+0.22%).

2024 Avg (April) 90.2420

2023 Avg (April) 90.0411

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	90.0761	86.6695	89.9232
February	90.1269	90.0437	90.0884
March	90.2102	90.0564	90.1342
April	90.4345	90.0536	90.2420
May	90.2357	90.0536	90.1429
June	90.2004	90.0691	90.1400
July	90.1792	90.0663	90.1464
August	90.1905	90.0945	90.1516
September	90.1651	90.0917	90.1292
October	90.1905	90.0409	90.1410
November	90.1847	90.0761	90.1172
December	90.1283	89.9774	90.0388