2023 MZN to MVR Historical Review

YEARLY HIGH

0.2428 MVR

YEARLY LOW

0.2387 MVR

YEARLY AVERAGE

0.2407 MVR

2023 MZN to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MZN to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on July 5, valuing the pair at 0.2428. Conversely, the yearly low was recorded on November 13, dropping to 0.2387.

This high-to-low spread represents a total annual volatility of 0.0041 MVR. From a start-to-finish perspective, comparing the January average rate of 0.2408 to the December average rate of 0.2407, the exchange rate registered a net change of -0.06% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2428 was down 2.18% compared to the 2022 peak of 0.2482, 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 1,214 MVR

2022 Average 1,207 MVR

Yearly Trough Low 1,193 MVR

Transaction Impact: A difference of 20.62 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2414

0.2400

JanuMarcMayJulySeptNove

MZN to MVR 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 0.2404, compared to 0.2409 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0004 points.

H1 Avg (Jan–Jun) 0.2404

H2 Avg (Jul–Dec) 0.2409

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0033 MVR (High: 0.2420 / Low: 0.2387). On the other end, February was the most stable month, with a tight range of 0.0007 MVR (High: 0.2406 / Low: 0.2398).

November Spread (Volatile) ±0.0033

February Spread (Stable) ±0.0007

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0005 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0005

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.2411) against the same month in 2022 (average: 0.2412), the exchange rate shifted by -0.0002 (-0.07%).

2023 Avg (July) 0.2411

2022 Avg (July) 0.2412

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2412	0.2400	0.2408
February	0.2406	0.2398	0.2403
March	0.2416	0.2402	0.2407
April	0.2412	0.2402	0.2404
May	0.2409	0.2394	0.2403
June	0.2406	0.2394	0.2402
July	0.2428	0.2397	0.2411
August	0.2413	0.2400	0.2407
September	0.2424	0.2404	0.2413
October	0.2413	0.2403	0.2409
November	0.2420	0.2387	0.2405
December	0.2411	0.2402	0.2407