2023 MZN to ETB Historical Review

YEARLY HIGH

0.8834 ETB

YEARLY LOW

0.8308 ETB

YEARLY AVERAGE

0.8570 ETB

2023 MZN to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MZN to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 25, valuing the pair at 0.8834. Conversely, the yearly low was recorded on March 18, dropping to 0.8308.

This high-to-low spread represents a total annual volatility of 0.0526 ETB. From a start-to-finish perspective, comparing the January average rate of 0.8396 to the December average rate of 0.8792, the exchange rate registered a net change of 4.72% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.8834 was up 5.11% compared to the 2022 peak of 0.8405, 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 4,417 ETB

2022 Average 4,067 ETB

Yearly Trough Low 4,154 ETB

Transaction Impact: A difference of 263.24 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.8831

0.8356

JanuMarcMayJulySeptNove

MZN to ETB 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 0.8459, compared to 0.8682 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0223 points.

H1 Avg (Jan–Jun) 0.8459

H2 Avg (Jul–Dec) 0.8682

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0154 ETB (High: 0.8791 / Low: 0.8637). On the other end, September was the most stable month, with a tight range of 0.0046 ETB (High: 0.8665 / Low: 0.8619).

November Spread (Volatile) ±0.0154

September Spread (Stable) ±0.0046

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: 0.8792) against the same month in 2022 (average: 0.8381), the exchange rate shifted by +0.0411 (+4.91%).

2023 Avg (December) 0.8792

2022 Avg (December) 0.8381

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8426	0.8370	0.8396
February	0.8458	0.8364	0.8405
March	0.8440	0.8308	0.8414
April	0.8526	0.8393	0.8482
May	0.8559	0.8466	0.8513
June	0.8581	0.8489	0.8543
July	0.8661	0.8548	0.8596
August	0.8673	0.8564	0.8626
September	0.8665	0.8619	0.8643
October	0.8755	0.8657	0.8708
November	0.8791	0.8637	0.8727
December	0.8834	0.8720	0.8792