2023 MZN to MUR Historical Review

YEARLY HIGH

0.7384 MUR

YEARLY LOW

0.6821 MUR

YEARLY AVERAGE

0.7062 MUR

2023 MZN to MUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MZN to MUR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 13, valuing the pair at 0.7384. Conversely, the yearly low was recorded on January 14, dropping to 0.6821.

This high-to-low spread represents a total annual volatility of 0.0563 MUR. From a start-to-finish perspective, comparing the January average rate of 0.6907 to the December average rate of 0.6911, the exchange rate registered a net change of 0.05% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.7384 was up 1.62% compared to the 2022 peak of 0.7267, 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 3,692 MUR

2022 Average 3,464 MUR

Yearly Trough Low 3,411 MUR

Transaction Impact: A difference of 281.68 MUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.7309

0.6871

JanuMarcMayJulySeptNove

MZN to MUR 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 0.7110, compared to 0.7014 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) 0.7110

H2 Avg (Jul–Dec) 0.7014

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0372 MUR (High: 0.7289 / Low: 0.6917). On the other end, October was the most stable month, with a tight range of 0.0064 MUR (High: 0.6981 / Low: 0.6917).

February Spread (Volatile) ±0.0372

October Spread (Stable) ±0.0064

Growth Streaks & Declines

Trends

Between April and July, 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 March and April, when the average rate fell by 0.0205 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0205

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.7272) against the same month in 2022 (average: 0.6945), the exchange rate shifted by +0.0327 (+4.71%).

2023 Avg (March) 0.7272

2022 Avg (March) 0.6945

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7070	0.6821	0.6907
February	0.7289	0.6917	0.7155
March	0.7384	0.7113	0.7272
April	0.7126	0.7019	0.7067
May	0.7155	0.7036	0.7112
June	0.7222	0.7089	0.7144
July	0.7265	0.7080	0.7145
August	0.7211	0.7059	0.7124
September	0.7304	0.6962	0.7041
October	0.6981	0.6917	0.6941
November	0.7040	0.6901	0.6923
December	0.6993	0.6871	0.6911