2023 MZN to KRW Historical Review

YEARLY HIGH

21.2843 KRW

YEARLY LOW

19.1279 KRW

YEARLY AVERAGE

20.4495 KRW

2023 MZN to KRW Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MZN to KRW exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 21.2843. Conversely, the yearly low was recorded on February 1, dropping to 19.1279.

This high-to-low spread represents a total annual volatility of 2.1563 KRW. From a start-to-finish perspective, comparing the January average rate of 19.4501 to the December average rate of 20.3741, the exchange rate registered a net change of 4.75% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 21.2843 was down 5.88% compared to the 2022 peak of 22.6129, 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 106,421 KRW

2022 Average 101,128 KRW

Yearly Trough Low 95,640 KRW

Transaction Impact: A difference of 10,781.71 KRW purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

21.3129

19.2808

JanuMarcMayJulySeptNove

MZN to KRW 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 20.2776, compared to 20.6215 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3439 points.

H1 Avg (Jan–Jun) 20.2776

H2 Avg (Jul–Dec) 20.6215

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 1.5445 KRW (High: 20.6724 / Low: 19.1279). On the other end, October was the most stable month, with a tight range of 0.3317 KRW (High: 21.2843 / Low: 20.9526).

February Spread (Volatile) ±1.5445

October Spread (Stable) ±0.3317

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.6873 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.6873

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 21.1436) against the same month in 2022 (average: 22.3565), the exchange rate shifted by -1.2129 (-5.43%).

2023 Avg (October) 21.1436

2022 Avg (October) 22.3565

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	20.0220	19.2499	19.4501
February	20.6724	19.1279	20.0271
March	20.7659	20.1427	20.4292
April	20.9997	20.3725	20.6899
May	21.0305	20.5742	20.7913
June	20.7023	19.8582	20.2777
July	20.6716	19.8302	20.1477
August	21.0361	20.2211	20.7290
September	21.2108	20.6556	20.8783
October	21.2843	20.9526	21.1436
November	21.0997	20.1656	20.4562
December	20.6207	20.1263	20.3741