2024 MZN to ISK Historical Review

YEARLY HIGH

2.2227 ISK

YEARLY LOW

2.1100 ISK

YEARLY AVERAGE

2.1596 ISK

2024 MZN to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MZN to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on April 16, valuing the pair at 2.2227. Conversely, the yearly low was recorded on September 26, dropping to 2.1100.

This high-to-low spread represents a total annual volatility of 0.1127 ISK. From a start-to-finish perspective, comparing the January average rate of 2.1462 to the December average rate of 2.1718, the exchange rate registered a net change of 1.19% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.2227 was down 2.03% compared to the 2023 peak of 2.2688, 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 11,113 ISK

2023 Average 10,793 ISK

Yearly Trough Low 10,550 ISK

Transaction Impact: A difference of 563.38 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.1980

2.1364

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 2.1643, compared to 2.1548 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0095 points.

H1 Avg (Jan–Jun) 2.1643

H2 Avg (Jul–Dec) 2.1548

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 0.1046 ISK (High: 2.2204 / Low: 2.1159). On the other end, July was the most stable month, with a tight range of 0.0341 ISK (High: 2.1742 / Low: 2.1402).

January Spread (Volatile) ±0.1046

July Spread (Stable) ±0.0341

Growth Streaks & Declines

Trends

Between October and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0206 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0206

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 2.1929) against the same month in 2023 (average: 2.1370), the exchange rate shifted by +0.0559 (+2.62%).

2024 Avg (April) 2.1929

2023 Avg (April) 2.1370

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2204	2.1159	2.1462
February	2.1731	2.1323	2.1561
March	2.1798	2.1138	2.1473
April	2.2227	2.1637	2.1929
May	2.1922	2.1485	2.1723
June	2.1850	2.1459	2.1711
July	2.1742	2.1402	2.1555
August	2.1751	2.1324	2.1561
September	2.1759	2.1100	2.1438
October	2.1642	2.1177	2.1416
November	2.1856	2.1320	2.1603
December	2.1902	2.1509	2.1718