2023 MZN to CLP Historical Review

YEARLY HIGH

14.8283 CLP

YEARLY LOW

12.2261 CLP

YEARLY AVERAGE

13.1526 CLP

2023 MZN to CLP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MZN to CLP exchange rate experienced significant fluctuation. The market reached its absolute peak on October 16, valuing the pair at 14.8283. Conversely, the yearly low was recorded on February 2, dropping to 12.2261.

This high-to-low spread represents a total annual volatility of 2.6022 CLP. From a start-to-finish perspective, comparing the January average rate of 12.8861 to the December average rate of 13.7138, the exchange rate registered a net change of 6.42% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 14.8283 was down 9.92% compared to the 2022 peak of 16.4617, 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 74,142 CLP

2022 Average 68,469 CLP

Yearly Trough Low 61,131 CLP

Transaction Impact: A difference of 13,010.94 CLP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

14.7278

12.2887

JanuMarcMayJulySeptNove

MZN to CLP 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 12.6084, compared to 13.6968 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.0884 points.

H1 Avg (Jan–Jun) 12.6084

H2 Avg (Jul–Dec) 13.6968

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 1.0610 CLP (High: 13.4909 / Low: 12.4299). On the other end, June was the most stable month, with a tight range of 0.3080 CLP (High: 12.6304 / Low: 12.3224).

January Spread (Volatile) ±1.0610

June Spread (Stable) ±0.3080

Growth Streaks & Declines

Trends

Between May and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.6523 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.6523

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 14.5245) against the same month in 2022 (average: 14.9332), the exchange rate shifted by -0.4087 (-2.74%).

2023 Avg (October) 14.5245

2022 Avg (October) 14.9332

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	13.4909	12.4299	12.8861
February	13.0310	12.2261	12.5343
March	12.9986	12.3374	12.6410
April	12.8375	12.3773	12.6042
May	12.7231	12.3062	12.4919
June	12.6304	12.3224	12.4930
July	13.1869	12.5245	12.7844
August	13.6377	13.1989	13.4171
September	14.2268	13.3686	13.8688
October	14.8283	13.9727	14.5245
November	14.4902	13.6082	13.8722
December	13.9760	13.4962	13.7138