2024 MZN to KRW Historical Review

YEARLY HIGH

23.1605 KRW

YEARLY LOW

20.0413 KRW

YEARLY AVERAGE

21.3472 KRW

2024 MZN to KRW Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MZN to KRW exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 23.1605. Conversely, the yearly low was recorded on January 1, dropping to 20.0413.

This high-to-low spread represents a total annual volatility of 3.1192 KRW. From a start-to-finish perspective, comparing the January average rate of 20.7667 to the December average rate of 22.5619, the exchange rate registered a net change of 8.64% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 23.1605 was up 8.82% compared to the 2023 peak of 21.2843, 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 115,802 KRW

2023 Average 102,258 KRW

Yearly Trough Low 100,207 KRW

Transaction Impact: A difference of 15,595.88 KRW purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

22.7414

20.5872

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 21.1442, compared to 21.5502 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4059 points.

H1 Avg (Jan–Jun) 21.1442

H2 Avg (Jul–Dec) 21.5502

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 1.7474 KRW (High: 21.7887 / Low: 20.0413). On the other end, February was the most stable month, with a tight range of 0.2564 KRW (High: 20.9901 / Low: 20.7336).

January Spread (Volatile) ±1.7474

February Spread (Stable) ±0.2564

Growth Streaks & Declines

Trends

Between September and December, 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 July and August, when the average rate fell by 0.5056 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.5056

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 22.5619) against the same month in 2023 (average: 20.3741), the exchange rate shifted by +2.1878 (+10.74%).

2024 Avg (December) 22.5619

2023 Avg (December) 20.3741

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	21.7887	20.0413	20.7667
February	20.9901	20.7336	20.8591
March	21.1349	20.5230	20.8537
April	21.7806	21.0552	21.4177
May	21.6446	21.0852	21.3448
June	21.8341	21.3609	21.6233
July	21.7497	21.4316	21.6372
August	21.5413	20.7336	21.1316
September	21.0382	20.5134	20.8245
October	21.7647	20.7438	21.3173
November	22.0307	21.5024	21.8285
December	23.1605	21.8367	22.5619