2023 MZN to GMD Historical Review

YEARLY HIGH

1.0556 GMD

YEARLY LOW

0.9280 GMD

YEARLY AVERAGE

0.9753 GMD

2023 MZN to GMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MZN to GMD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 11, valuing the pair at 1.0556. Conversely, the yearly low was recorded on June 12, dropping to 0.9280.

This high-to-low spread represents a total annual volatility of 0.1276 GMD. From a start-to-finish perspective, comparing the January average rate of 0.9709 to the December average rate of 1.0544, the exchange rate registered a net change of 8.60% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.0556 was up 8.05% compared to the 2022 peak of 0.9769, 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 5,278 GMD

2022 Average 4,337 GMD

Yearly Trough Low 4,640 GMD

Transaction Impact: A difference of 637.93 GMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.0668

0.9187

JanuMarcMayJulySeptNove

MZN to GMD 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 0.9539, compared to 0.9968 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0429 points.

H1 Avg (Jan–Jun) 0.9539

H2 Avg (Jul–Dec) 0.9968

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0724 GMD (High: 1.0188 / Low: 0.9464). On the other end, June was the most stable month, with a tight range of 0.0053 GMD (High: 0.9333 / Low: 0.9280).

September Spread (Volatile) ±0.0724

June Spread (Stable) ±0.0053

Growth Streaks & Declines

Trends

Between June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0324 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0324

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 1.0544) against the same month in 2022 (average: 0.9716), the exchange rate shifted by +0.0828 (+8.53%).

2023 Avg (December) 1.0544

2022 Avg (December) 0.9716

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9777	0.9573	0.9709
February	0.9640	0.9539	0.9561
March	0.9734	0.9549	0.9609
April	0.9757	0.9389	0.9683
May	0.9421	0.9319	0.9359
June	0.9333	0.9280	0.9310
July	0.9415	0.9323	0.9351
August	0.9528	0.9456	0.9488
September	1.0188	0.9464	0.9675
October	1.0329	1.0106	1.0274
November	1.0536	1.0180	1.0473
December	1.0556	1.0488	1.0544