2023 MZN to CDF Historical Review

YEARLY HIGH

43.7384 CDF

YEARLY LOW

31.7214 CDF

YEARLY AVERAGE

36.5618 CDF

2023 MZN to CDF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MZN to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 21, valuing the pair at 43.7384. Conversely, the yearly low was recorded on January 18, dropping to 31.7214.

This high-to-low spread represents a total annual volatility of 12.0170 CDF. From a start-to-finish perspective, comparing the January average rate of 32.0692 to the December average rate of 42.6219, the exchange rate registered a net change of 32.91% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 43.7384 was up 35.18% compared to the 2022 peak of 32.3547, 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 218,692 CDF

2022 Average 158,127 CDF

Yearly Trough Low 158,607 CDF

Transaction Impact: A difference of 60,084.82 CDF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

43.6772

31.0139

JanuMarcMayJulySeptNove

MZN to CDF 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 33.4179, compared to 39.7057 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 6.2878 points.

H1 Avg (Jan–Jun) 33.4179

H2 Avg (Jul–Dec) 39.7057

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 4.5913 CDF (High: 36.5415 / Low: 31.9502). On the other end, February was the most stable month, with a tight range of 0.5920 CDF (High: 32.5685 / Low: 31.9766).

May Spread (Volatile) ±4.5913

February Spread (Stable) ±0.5920

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: 42.6219) against the same month in 2022 (average: 32.0210), the exchange rate shifted by +10.6009 (+33.11%).

2023 Avg (December) 42.6219

2022 Avg (December) 32.0210

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	32.4192	31.7214	32.0692
February	32.5685	31.9766	32.2753
March	32.6710	32.0031	32.3711
April	34.2020	32.0188	32.5842
May	36.5415	31.9502	34.2651
June	37.7299	36.3850	36.9424
July	40.0000	37.7299	38.7115
August	39.0157	38.1996	38.7797
September	39.1715	38.4637	38.8753
October	40.6813	38.6699	39.4316
November	42.6109	38.5076	39.8141
December	43.7384	41.7221	42.6219