2023 MZN to BIF Historical Review

YEARLY HIGH

44.7832 BIF

YEARLY LOW

32.0901 BIF

YEARLY AVERAGE

39.8572 BIF

2023 MZN to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MZN to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 17, valuing the pair at 44.7832. Conversely, the yearly low was recorded on March 18, dropping to 32.0901.

This high-to-low spread represents a total annual volatility of 12.6931 BIF. From a start-to-finish perspective, comparing the January average rate of 32.3851 to the December average rate of 44.6289, the exchange rate registered a net change of 37.81% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 44.7832 was up 37.68% compared to the 2022 peak of 32.5259, 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 223,916 BIF

2022 Average 159,885 BIF

Yearly Trough Low 160,450 BIF

Transaction Impact: A difference of 63,465.63 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

45.8533

31.1608

JanuMarcMayJulySeptNove

MZN to BIF 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 35.2709, compared to 44.4436 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 9.1727 points.

H1 Avg (Jan–Jun) 35.2709

H2 Avg (Jul–Dec) 44.4436

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 11.6865 BIF (High: 44.2146 / Low: 32.5281). On the other end, January was the most stable month, with a tight range of 0.2204 BIF (High: 32.4866 / Low: 32.2661).

May Spread (Volatile) ±11.6865

January Spread (Stable) ±0.2204

Growth Streaks & Declines

Trends

Between January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.

Longest Streak 11 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 44.6289) against the same month in 2022 (average: 32.3581), the exchange rate shifted by +12.2708 (+37.92%).

2023 Avg (December) 44.6289

2022 Avg (December) 32.3581

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	32.4866	32.2661	32.3851
February	32.7048	32.3005	32.4428
March	32.6291	32.0901	32.5005
April	32.6547	32.2820	32.5539
May	44.2146	32.5281	37.4588
June	44.4931	44.0336	44.2840
July	44.7332	43.9721	44.3630
August	44.5186	44.1860	44.3840
September	44.5558	44.1753	44.3876
October	44.6174	44.1875	44.4427
November	44.6359	44.0824	44.4553
December	44.7832	44.5401	44.6289