2024 MZN to AFN Historical Review

YEARLY HIGH

1.1781 AFN

YEARLY LOW

1.0185 AFN

YEARLY AVERAGE

1.1037 AFN

2024 MZN to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MZN to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 3, valuing the pair at 1.1781. Conversely, the yearly low was recorded on October 17, dropping to 1.0185.

This high-to-low spread represents a total annual volatility of 0.1596 AFN. From a start-to-finish perspective, comparing the January average rate of 1.1214 to the December average rate of 1.0872, the exchange rate registered a net change of -3.05% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 1.1781 was down 17.72% compared to the 2023 peak of 1.4319, 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 5,891 AFN

2023 Average 6,475 AFN

Yearly Trough Low 5,093 AFN

Transaction Impact: A difference of 797.99 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1.1549

1.0405

JanuMarcMayJulySeptNove

MZN to AFN 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 1.1241, compared to 1.0834 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0407 points.

H1 Avg (Jan–Jun) 1.1241

H2 Avg (Jul–Dec) 1.0834

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 0.0793 AFN (High: 1.1747 / Low: 1.0954). On the other end, July was the most stable month, with a tight range of 0.0158 AFN (High: 1.1138 / Low: 1.0979).

January Spread (Volatile) ±0.0793

July Spread (Stable) ±0.0158

Growth Streaks & Declines

Trends

Between June and August, 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 September and October, when the average rate fell by 0.0382 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0382

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 1.1454) against the same month in 2023 (average: 1.4029), the exchange rate shifted by -0.2575 (-18.36%).

2024 Avg (February) 1.1454

2023 Avg (February) 1.4029

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.1747	1.0954	1.1214
February	1.1781	1.1298	1.1454
March	1.1429	1.1098	1.1297
April	1.1328	1.1133	1.1223
May	1.1320	1.1033	1.1217
June	1.1228	1.0915	1.1039
July	1.1138	1.0979	1.1076
August	1.1138	1.0959	1.1081
September	1.1115	1.0646	1.0882
October	1.0772	1.0185	1.0501
November	1.0696	1.0458	1.0590
December	1.1042	1.0562	1.0872