2023 MZN to DJF Historical Review

YEARLY HIGH

2.8119 DJF

YEARLY LOW

2.7474 DJF

YEARLY AVERAGE

2.7843 DJF

2023 MZN to DJF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MZN to DJF exchange rate experienced significant fluctuation. The market reached its absolute peak on February 4, valuing the pair at 2.8119. Conversely, the yearly low was recorded on March 18, dropping to 2.7474.

This high-to-low spread represents a total annual volatility of 0.0646 DJF. From a start-to-finish perspective, comparing the January average rate of 2.7823 to the December average rate of 2.7881, the exchange rate registered a net change of 0.21% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.8119 was down 0.09% compared to the 2022 peak of 2.8145, 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 14,060 DJF

2022 Average 13,937 DJF

Yearly Trough Low 13,737 DJF

Transaction Impact: A difference of 322.81 DJF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.7888

2.7802

JanuMarcMayJulySeptNove

MZN to DJF 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 2.7833, compared to 2.7854 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0021 points.

H1 Avg (Jan–Jun) 2.7833

H2 Avg (Jul–Dec) 2.7854

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0505 DJF (High: 2.8119 / Low: 2.7615). On the other end, January was the most stable month, with a tight range of 0.0122 DJF (High: 2.7884 / Low: 2.7762).

February Spread (Volatile) ±0.0505

January Spread (Stable) ±0.0122

Growth Streaks & Declines

Trends

Between March and June, 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 February and March, when the average rate fell by 0.0043 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0043

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 2.7852) against the same month in 2022 (average: 2.7869), the exchange rate shifted by -0.0017 (-0.06%).

2023 Avg (February) 2.7852

2022 Avg (February) 2.7869

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.7884	2.7762	2.7823
February	2.8119	2.7615	2.7852
March	2.7881	2.7474	2.7809
April	2.7903	2.7519	2.7810
May	2.7920	2.7796	2.7845
June	2.7970	2.7691	2.7856
July	2.8078	2.7645	2.7856
August	2.8023	2.7668	2.7862
September	2.8002	2.7755	2.7863
October	2.8014	2.7740	2.7850
November	2.7945	2.7635	2.7810
December	2.8025	2.7789	2.7881