YEARLY HIGH
0.9311 PHP
YEARLY LOW
0.8661 PHP
YEARLY AVERAGE
0.8968 PHP

2024 MZN to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MZN to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 18, valuing the pair at 0.9311. Conversely, the yearly low was recorded on March 11, dropping to 0.8661.

This high-to-low spread represents a total annual volatility of 0.0650 PHP. From a start-to-finish perspective, comparing the January average rate of 0.8773 to the December average rate of 0.9149, the exchange rate registered a net change of 4.29% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.9311 was up 3.82% compared to the 2023 peak of 0.8969, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,656 PHP
2023 Average 4,354 PHP
Yearly Trough Low 4,331 PHP
Transaction Impact: A difference of 325.09 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.9232
0.8706
JanuMarcMayJulySeptNove

MZN to PHP 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: JanтАУJun) was 0.8907, compared to 0.9029 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the second half (JulтАУDec) by a margin of 0.0122 points.

H1 Avg (JanтАУJun) 0.8907
H2 Avg (JulтАУDec) 0.9029

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 0.0497 PHP (High: 0.9167 / Low: 0.8669). On the other end, February was the most stable month, with a tight range of 0.0085 PHP (High: 0.8823 / Low: 0.8738).

January Spread (Volatile) ┬▒0.0497
February Spread (Stable) ┬▒0.0085

Growth Streaks & Declines

Trends

Between March and June, 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 July and August, when the average rate fell by 0.0235 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0235

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.9149) against the same month in 2023 (average: 0.8692), the exchange rate shifted by +0.0458 (+5.26%).

2024 Avg (December) 0.9149
2023 Avg (December) 0.8692

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Month High Low Average
January 0.9167 0.8669 0.8773
February 0.8823 0.8738 0.8770
March 0.8818 0.8661 0.8750
April 0.9042 0.8796 0.8918
May 0.9165 0.8930 0.9042
June 0.9233 0.9141 0.9188
July 0.9210 0.9114 0.9153
August 0.9127 0.8790 0.8918
September 0.8854 0.8702 0.8773
October 0.9165 0.8808 0.8996
November 0.9237 0.9116 0.9185
December 0.9311 0.9047 0.9149