2023 MZN to CAD Historical Review

YEARLY HIGH

0.0217 CAD

YEARLY LOW

0.0205 CAD

YEARLY AVERAGE

0.0211 CAD

2023 MZN to CAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MZN to CAD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 28, valuing the pair at 0.0217. Conversely, the yearly low was recorded on July 13, dropping to 0.0205.

This high-to-low spread represents a total annual volatility of 0.0012 CAD. From a start-to-finish perspective, comparing the January average rate of 0.0210 to the December average rate of 0.0210, the exchange rate registered a net change of -0.06% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0217 was up 0.07% compared to the 2022 peak of 0.0217, 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 109 CAD

2022 Average 102 CAD

Yearly Trough Low 103 CAD

Transaction Impact: A difference of 6.06 CAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0215

0.0207

JanuMarcMayJulySeptNove

MZN to CAD 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 0.0211, compared to 0.0212 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0211

H2 Avg (Jul–Dec) 0.0212

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.0006 CAD (High: 0.0213 / Low: 0.0207). On the other end, September was the most stable month, with a tight range of 0.0004 CAD (High: 0.0214 / Low: 0.0210).

December Spread (Volatile) ±0.0006

September Spread (Stable) ±0.0004

Growth Streaks & Declines

Trends

Between July and October, 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 November and December, when the average rate fell by 0.0005 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0005

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.0215) against the same month in 2022 (average: 0.0215), the exchange rate shifted by +0.0000 (+0.09%).

2023 Avg (October) 0.0215

2022 Avg (October) 0.0215

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0214	0.0208	0.0210
February	0.0213	0.0208	0.0211
March	0.0217	0.0212	0.0214
April	0.0214	0.0209	0.0212
May	0.0214	0.0209	0.0212
June	0.0210	0.0206	0.0208
July	0.0211	0.0205	0.0207
August	0.0213	0.0208	0.0211
September	0.0214	0.0210	0.0212
October	0.0217	0.0213	0.0215
November	0.0217	0.0212	0.0215
December	0.0213	0.0207	0.0210