2023 MZN to EGP Historical Review

YEARLY HIGH

0.4878 EGP

YEARLY LOW

0.3871 EGP

YEARLY AVERAGE

0.4799 EGP

2023 MZN to EGP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MZN to EGP exchange rate experienced significant fluctuation. The market reached its absolute peak on July 6, valuing the pair at 0.4878. Conversely, the yearly low was recorded on January 2, dropping to 0.3871.

This high-to-low spread represents a total annual volatility of 0.1007 EGP. From a start-to-finish perspective, comparing the January average rate of 0.4480 to the December average rate of 0.4837, the exchange rate registered a net change of 7.98% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4878 was up 25.85% compared to the 2022 peak of 0.3876, 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 2,439 EGP

2022 Average 1,504 EGP

Yearly Trough Low 1,935 EGP

Transaction Impact: A difference of 503.62 EGP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4877

0.4444

JanuMarcMayJulySeptNove

MZN to EGP 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 0.4761, compared to 0.4838 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0077 points.

H1 Avg (Jan–Jun) 0.4761

H2 Avg (Jul–Dec) 0.4838

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0856 EGP (High: 0.4727 / Low: 0.3871). On the other end, September was the most stable month, with a tight range of 0.0017 EGP (High: 0.4844 / Low: 0.4827).

January Spread (Volatile) ±0.0856

September Spread (Stable) ±0.0017

Growth Streaks & Declines

Trends

Between January and April, 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 August and September, when the average rate fell by 0.0004 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.4841) against the same month in 2022 (average: 0.2959), the exchange rate shifted by +0.1883 (+63.63%).

2023 Avg (July) 0.4841

2022 Avg (July) 0.2959

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4727	0.3871	0.4480
February	0.4793	0.4725	0.4769
March	0.4845	0.4770	0.4823
April	0.4859	0.4796	0.4829
May	0.4859	0.4737	0.4829
June	0.4846	0.4820	0.4836
July	0.4878	0.4827	0.4841
August	0.4863	0.4820	0.4840
September	0.4844	0.4827	0.4836
October	0.4872	0.4815	0.4837
November	0.4845	0.4797	0.4835
December	0.4846	0.4821	0.4837