2023 MMK to MZN Historical Review

YEARLY HIGH

0.0309 MZN

YEARLY LOW

0.0301 MZN

YEARLY AVERAGE

0.0304 MZN

2023 MMK to MZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MMK to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on March 19, valuing the pair at 0.0309. Conversely, the yearly low was recorded on February 5, dropping to 0.0301.

This high-to-low spread represents a total annual volatility of 0.0007 MZN. From a start-to-finish perspective, comparing the January average rate of 0.0304 to the December average rate of 0.0304, the exchange rate registered a net change of -0.11% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0309 was down 14.66% compared to the 2022 peak of 0.0362, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 154 MZN

2022 Average 166 MZN

Yearly Trough Low 151 MZN

Transaction Impact: A difference of 3.56 MZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0305

0.0304

JanuMarcMayJulySeptNove

MMK 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 0.0304, compared to 0.0304 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.0304

H2 Avg (Jul–Dec) 0.0304

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0005 MZN (High: 0.0307 / Low: 0.0302). On the other end, January was the most stable month, with a tight range of 0.0001 MZN (High: 0.0305 / Low: 0.0304).

July Spread (Volatile) ±0.0005

January Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between August and November, 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 November and December, when the average rate fell by 0.0001 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.0305) against the same month in 2022 (average: 0.0359), the exchange rate shifted by -0.0054 (-15.14%).

2023 Avg (March) 0.0305

2022 Avg (March) 0.0359

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0305	0.0304	0.0304
February	0.0306	0.0301	0.0304
March	0.0309	0.0304	0.0305
April	0.0308	0.0304	0.0304
May	0.0305	0.0303	0.0304
June	0.0306	0.0303	0.0304
July	0.0307	0.0302	0.0304
August	0.0306	0.0303	0.0304
September	0.0305	0.0304	0.0304
October	0.0306	0.0303	0.0304
November	0.0307	0.0304	0.0305
December	0.0304	0.0303	0.0304