2023 PHP to MZN Historical Review

YEARLY HIGH

1.1908 MZN

YEARLY LOW

1.1150 MZN

YEARLY AVERAGE

1.1487 MZN

2023 PHP to MZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PHP to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 1.1908. Conversely, the yearly low was recorded on September 26, dropping to 1.1150.

This high-to-low spread represents a total annual volatility of 0.0758 MZN. From a start-to-finish perspective, comparing the January average rate of 1.1630 to the December average rate of 1.1505, the exchange rate registered a net change of -1.08% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.1908 was down 5.00% compared to the 2022 peak of 1.2534, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 PHP based on timing:

Yearly Peak High 297,691 MZN

2022 Average 293,577 MZN

Yearly Trough Low 278,750 MZN

Transaction Impact: A difference of 18,940.77 MZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.1715

1.1205

JanuMarcMayJulySeptNove

PHP 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 1.1569, compared to 1.1404 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0165 points.

H1 Avg (Jan–Jun) 1.1569

H2 Avg (Jul–Dec) 1.1404

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.0425 MZN (High: 1.1773 / Low: 1.1348). On the other end, October was the most stable month, with a tight range of 0.0096 MZN (High: 1.1290 / Low: 1.1194).

April Spread (Volatile) ±0.0425

October Spread (Stable) ±0.0096

Growth Streaks & Declines

Trends

Between January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0276 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0276

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 1.1651) against the same month in 2022 (average: 1.2444), the exchange rate shifted by -0.0794 (-6.38%).

2023 Avg (February) 1.1651

2022 Avg (February) 1.2444

मासिक विश्लेषण

प्रत्येक कॅलेंडर महिन्यासाठी सांख्यिकीय सारांश.

Month	High	Low	Average
January	1.1750	1.1417	1.1630
February	1.1908	1.1508	1.1651
March	1.1804	1.1509	1.1673
April	1.1773	1.1348	1.1562
May	1.1548	1.1332	1.1453
June	1.1584	1.1363	1.1448
July	1.1753	1.1380	1.1617
August	1.1614	1.1231	1.1342
September	1.1282	1.1150	1.1250
October	1.1290	1.1194	1.1248
November	1.1580	1.1274	1.1465
December	1.1554	1.1436	1.1505

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