2024 MZN to ETB Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MZN to ETB Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MZN to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 2.0041. Conversely, the yearly low was recorded on January 7, dropping to 0.8747.
This high-to-low spread represents a total annual volatility of 1.1295 ETB. From a start-to-finish perspective, comparing the January average rate of 0.8845 to the December average rate of 1.9832, the exchange rate registered a net change of 124.21% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 2.0041 was up 126.86% compared to the 2023 peak of 0.8834, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MZN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
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)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 0.8909, compared to 1.6860 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.7951 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 0.5317 ETB (High: 1.7651 / Low: 1.2334). On the other end, May was the most stable month, with a tight range of 0.0093 ETB (High: 0.9008 / Low: 0.8915).
Growth Streaks & Declines
TrendsBetween 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.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 1.9832) against the same month in 2023 (average: 0.8792), the exchange rate shifted by +1.1040 (+125.57%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 0.9185 | 0.8747 | 0.8845 |
| February | 0.8944 | 0.8809 | 0.8864 |
| March | 0.8911 | 0.8808 | 0.8879 |
| April | 0.9013 | 0.8852 | 0.8896 |
| May | 0.9008 | 0.8915 | 0.8972 |
| June | 0.9045 | 0.8929 | 0.9000 |
| July | 1.1808 | 0.8965 | 0.9118 |
| August | 1.7651 | 1.2334 | 1.6107 |
| September | 1.8757 | 1.7285 | 1.8079 |
| October | 1.9091 | 1.8529 | 1.8840 |
| November | 1.9790 | 1.8768 | 1.9185 |
| December | 2.0041 | 1.9451 | 1.9832 |