2023 MZN to ISK Historical Review

YEARLY HIGH

2.2688 ISK

YEARLY LOW

2.0426 ISK

YEARLY AVERAGE

2.1592 ISK

2023 MZN to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MZN to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on February 16, valuing the pair at 2.2688. Conversely, the yearly low was recorded on August 30, dropping to 2.0426.

This high-to-low spread represents a total annual volatility of 0.2261 ISK. From a start-to-finish perspective, comparing the January average rate of 2.2368 to the December average rate of 2.1581, the exchange rate registered a net change of -3.52% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.2688 was down 2.50% compared to the 2022 peak of 2.3269, 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 11,344 ISK

2022 Average 10,593 ISK

Yearly Trough Low 10,213 ISK

Transaction Impact: A difference of 1,130.71 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.2563

2.0472

JanuMarcMayJulySeptNove

MZN to ISK 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 2.1881, compared to 2.1302 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0579 points.

H1 Avg (Jan–Jun) 2.1881

H2 Avg (Jul–Dec) 2.1302

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.1146 ISK (High: 2.1596 / Low: 2.0450). On the other end, August was the most stable month, with a tight range of 0.0321 ISK (High: 2.0747 / Low: 2.0426).

July Spread (Volatile) ±0.1146

August Spread (Stable) ±0.0321

Growth Streaks & Declines

Trends

Between August and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0773 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0773

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 2.2389) against the same month in 2022 (average: 1.9590), the exchange rate shifted by +0.2799 (+14.29%).

2023 Avg (February) 2.2389

2022 Avg (February) 1.9590

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2654	2.2072	2.2368
February	2.2688	2.1814	2.2389
March	2.2327	2.1255	2.1902
April	2.1573	2.1114	2.1370
May	2.2063	2.1224	2.1678
June	2.2077	2.1065	2.1578
July	2.1596	2.0450	2.0805
August	2.0747	2.0426	2.0646
September	2.1584	2.0667	2.1181
October	2.1923	2.1449	2.1702
November	2.2505	2.1440	2.1899
December	2.1923	2.1230	2.1581