2024 MZN to INR Historical Review

YEARLY HIGH

1.3515 INR

YEARLY LOW

1.2951 INR

YEARLY AVERAGE

1.3098 INR

2024 MZN to INR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MZN to INR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 22, valuing the pair at 1.3515. Conversely, the yearly low was recorded on March 7, dropping to 1.2951.

This high-to-low spread represents a total annual volatility of 0.0564 INR. From a start-to-finish perspective, comparing the January average rate of 1.3028 to the December average rate of 1.3312, the exchange rate registered a net change of 2.17% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 1.3515 was up 3.42% compared to the 2023 peak of 1.3068, 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 6,758 INR

2023 Average 6,464 INR

Yearly Trough Low 6,475 INR

Transaction Impact: A difference of 282.17 INR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1.3344

1.2956

JanuMarcMayJulySeptNove

MZN to INR 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 1.3028, compared to 1.3167 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0139 points.

H1 Avg (Jan–Jun) 1.3028

H2 Avg (Jul–Dec) 1.3167

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 0.0543 INR (High: 1.3515 / Low: 1.2972). On the other end, February was the most stable month, with a tight range of 0.0034 INR (High: 1.3005 / Low: 1.2971).

January Spread (Volatile) ±0.0543

February Spread (Stable) ±0.0034

Growth Streaks & Declines

Trends

Between February and August, 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 January and February, when the average rate fell by 0.0040 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0040

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 1.3028) against the same month in 2023 (average: 1.2793), the exchange rate shifted by +0.0236 (+1.84%).

2024 Avg (January) 1.3028

2023 Avg (January) 1.2793

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.3515	1.2972	1.3028
February	1.3005	1.2971	1.2988
March	1.3073	1.2951	1.2999
April	1.3099	1.3003	1.3041
May	1.3086	1.2995	1.3046
June	1.3100	1.3010	1.3067
July	1.3121	1.3059	1.3086
August	1.3151	1.3106	1.3129
September	1.3155	1.3076	1.3120
October	1.3176	1.3131	1.3155
November	1.3231	1.3157	1.3201
December	1.3440	1.3232	1.3312