2024 MZN to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MZN to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MZN to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 22, valuing the pair at 139.7370. Conversely, the yearly low was recorded on April 14, dropping to 133.7803.
This high-to-low spread represents a total annual volatility of 5.9567 GNF. From a start-to-finish perspective, comparing the January average rate of 134.7377 to the December average rate of 135.1525, the exchange rate registered a net change of 0.31% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 139.7370 was up 1.43% compared to the 2023 peak of 137.7691, 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 GNF 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 134.5602, compared to 135.0408 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4806 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was January, with a trading range of 5.5905 GNF (High: 139.7370 / Low: 134.1465). On the other end, September was the most stable month, with a tight range of 0.4509 GNF (High: 135.5194 / Low: 135.0685).
Growth Streaks & Declines
TrendsBetween April and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.2048 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 134.7377) against the same month in 2023 (average: 135.6600), the exchange rate shifted by -0.9224 (-0.68%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 139.7370 | 134.1465 | 134.7377 |
| February | 135.5455 | 134.4370 | 134.6640 |
| March | 134.8672 | 133.7962 | 134.4851 |
| April | 135.0223 | 133.7803 | 134.3116 |
| May | 134.7619 | 133.9430 | 134.4882 |
| June | 135.3714 | 134.4067 | 134.6745 |
| July | 135.3099 | 134.3328 | 134.7489 |
| August | 135.3537 | 134.0256 | 134.8786 |
| September | 135.5194 | 135.0685 | 135.2795 |
| October | 135.8018 | 134.8876 | 135.1950 |
| November | 135.6633 | 134.5235 | 134.9902 |
| December | 135.5789 | 134.6949 | 135.1525 |