2023 MZN to IDR Historical Review

YEARLY HIGH

249.4496 IDR

YEARLY LOW

229.6526 IDR

YEARLY AVERAGE

238.6239 IDR

2023 MZN to IDR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MZN to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on October 26, valuing the pair at 249.4496. Conversely, the yearly low was recorded on May 7, dropping to 229.6526.

This high-to-low spread represents a total annual volatility of 19.7970 IDR. From a start-to-finish perspective, comparing the January average rate of 238.6006 to the December average rate of 242.3880, the exchange rate registered a net change of 1.59% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 249.4496 was up 0.88% compared to the 2022 peak of 247.2642, 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 1,247,248 IDR

2022 Average 1,162,671 IDR

Yearly Trough Low 1,148,263 IDR

Transaction Impact: A difference of 98,985.09 IDR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

248.2069

231.0088

JanuMarcMayJulySeptNove

MZN to IDR 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 235.7669, compared to 241.4810 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 5.7141 points.

H1 Avg (Jan–Jun) 235.7669

H2 Avg (Jul–Dec) 241.4810

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 10.7622 IDR (High: 244.5618 / Low: 233.7997). On the other end, August was the most stable month, with a tight range of 3.4100 IDR (High: 240.6374 / Low: 237.2274).

January Spread (Volatile) ±10.7622

August Spread (Stable) ±3.4100

Growth Streaks & Declines

Trends

Between May and October, 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 March and April, when the average rate fell by 6.6273 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -6.6273

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 246.7737) against the same month in 2022 (average: 241.6106), the exchange rate shifted by +5.1631 (+2.14%).

2023 Avg (October) 246.7737

2022 Avg (October) 241.6106

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	244.5618	233.7997	238.6006
February	238.8913	233.1051	237.3198
March	242.9120	234.2512	239.4587
April	234.7692	229.7595	232.8314
May	234.8686	229.6526	232.4420
June	235.7526	232.2698	233.9488
July	239.8794	233.8161	236.1120
August	240.6374	237.2274	239.0830
September	243.7559	238.6665	240.6536
October	249.4496	242.6291	246.7737
November	248.9544	240.3053	243.8755
December	245.1743	240.3756	242.3880