2023 MZN to MMK Historical Review

YEARLY HIGH

33.1695 MMK

YEARLY LOW

32.4036 MMK

YEARLY AVERAGE

32.8647 MMK

2023 MZN to MMK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MZN to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 33.1695. Conversely, the yearly low was recorded on March 19, dropping to 32.4036.

This high-to-low spread represents a total annual volatility of 0.7659 MMK. From a start-to-finish perspective, comparing the January average rate of 32.8722 to the December average rate of 32.9100, the exchange rate registered a net change of 0.11% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 33.1695 was up 0.30% compared to the 2022 peak of 33.0714, 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 165,848 MMK

2022 Average 151,013 MMK

Yearly Trough Low 162,018 MMK

Transaction Impact: A difference of 3,829.40 MMK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

32.9186

32.8158

JanuMarcMayJulySeptNove

MZN to MMK 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 32.8557, compared to 32.8736 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0179 points.

H1 Avg (Jan–Jun) 32.8557

H2 Avg (Jul–Dec) 32.8736

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.5892 MMK (High: 33.1551 / Low: 32.5659). On the other end, January was the most stable month, with a tight range of 0.1286 MMK (High: 32.9076 / Low: 32.7790).

July Spread (Volatile) ±0.5892

January Spread (Stable) ±0.1286

Growth Streaks & Declines

Trends

Between March and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0417 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0417

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 32.8661) against the same month in 2022 (average: 27.8482), the exchange rate shifted by +5.0179 (+18.02%).

2023 Avg (February) 32.8661

2022 Avg (February) 27.8482

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	32.9076	32.7790	32.8722
February	33.1695	32.6785	32.8661
March	32.9254	32.4036	32.8244
April	32.9111	32.4561	32.8440
May	32.9658	32.7879	32.8636
June	32.9885	32.6485	32.8639
July	33.1551	32.5659	32.8862
August	33.0235	32.6657	32.8870
September	32.9467	32.7346	32.8621
October	33.0372	32.7174	32.8587
November	32.9110	32.5949	32.8375
December	33.0547	32.8483	32.9100