2023 MZN to AOA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MZN to AOA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MZN to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 13.0346. Conversely, the yearly low was recorded on February 28, dropping to 7.8722.
This high-to-low spread represents a total annual volatility of 5.1624 AOA. From a start-to-finish perspective, comparing the January average rate of 7.8861 to the December average rate of 13.0090, the exchange rate registered a net change of 64.96% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 13.0346 was up 50.09% compared to the 2022 peak of 8.6847, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MZN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
MZN to AOA Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 8.4961, compared to 12.9668 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 4.4707 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 3.6980 AOA (High: 12.9237 / Low: 9.2257). On the other end, January was the most stable month, with a tight range of 0.0235 AOA (High: 7.8978 / Low: 7.8743).
Growth Streaks & Declines
TrendsBetween January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0092 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 13.0090) against the same month in 2022 (average: 7.8974), the exchange rate shifted by +5.1116 (+64.73%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 7.8978 | 7.8743 | 7.8861 |
| February | 7.9320 | 7.8722 | 7.9022 |
| March | 7.9502 | 7.8856 | 7.9194 |
| April | 7.9796 | 7.9206 | 7.9463 |
| May | 9.1327 | 7.9537 | 8.3009 |
| June | 12.9237 | 9.2257 | 11.0218 |
| July | 13.0308 | 12.8957 | 12.9427 |
| August | 12.9631 | 12.9136 | 12.9335 |
| September | 13.0016 | 12.9250 | 12.9612 |
| October | 13.0064 | 12.9233 | 12.9618 |
| November | 13.0282 | 12.9533 | 12.9929 |
| December | 13.0346 | 12.9703 | 13.0090 |