2023 MZN to CVE Historical Review

YEARLY HIGH

1.6501 CVE

YEARLY LOW

1.5346 CVE

YEARLY AVERAGE

1.5985 CVE

2023 MZN to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MZN to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 1.6501. Conversely, the yearly low was recorded on July 15, dropping to 1.5346.

This high-to-low spread represents a total annual volatility of 0.1155 CVE. From a start-to-finish perspective, comparing the January average rate of 1.6042 to the December average rate of 1.5838, the exchange rate registered a net change of -1.27% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.6501 was down 9.78% compared to the 2022 peak of 1.8290, 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 8,250 CVE

2022 Average 8,230 CVE

Yearly Trough Low 7,673 CVE

Transaction Impact: A difference of 577.47 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.6430

1.5582

JanuMarcMayJulySeptNove

MZN to CVE 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 1.5993, compared to 1.5976 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0017 points.

H1 Avg (Jan–Jun) 1.5993

H2 Avg (Jul–Dec) 1.5976

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0683 CVE (High: 1.6424 / Low: 1.5741). On the other end, October was the most stable month, with a tight range of 0.0269 CVE (High: 1.6501 / Low: 1.6232).

November Spread (Volatile) ±0.0683

October Spread (Stable) ±0.0269

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 March and April, when the average rate fell by 0.0369 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0369

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 1.6360) against the same month in 2022 (average: 1.7650), the exchange rate shifted by -0.1290 (-7.31%).

2023 Avg (October) 1.6360

2022 Avg (October) 1.7650

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.6409	1.5868	1.6042
February	1.6328	1.5788	1.6129
March	1.6374	1.5853	1.6134
April	1.5915	1.5539	1.5765
May	1.6166	1.5672	1.5917
June	1.6413	1.5771	1.5971
July	1.6014	1.5346	1.5652
August	1.5998	1.5656	1.5835
September	1.6408	1.5928	1.6165
October	1.6501	1.6232	1.6360
November	1.6424	1.5741	1.6007
December	1.6184	1.5580	1.5838