2023 MZN to NAD Historical Review

YEARLY HIGH

0.3164 NAD

YEARLY LOW

0.2631 NAD

YEARLY AVERAGE

0.2896 NAD

2023 MZN to NAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MZN to NAD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 25, valuing the pair at 0.3164. Conversely, the yearly low was recorded on January 12, dropping to 0.2631.

This high-to-low spread represents a total annual volatility of 0.0532 NAD. From a start-to-finish perspective, comparing the January average rate of 0.2674 to the December average rate of 0.2925, the exchange rate registered a net change of 9.42% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3164 was up 9.69% compared to the 2022 peak of 0.2884, 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 1,582 NAD

2022 Average 1,277 NAD

Yearly Trough Low 1,316 NAD

Transaction Impact: A difference of 266.10 NAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3050

0.2639

JanuMarcMayJulySeptNove

MZN to NAD 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 0.2850, compared to 0.2943 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0093 points.

H1 Avg (Jan–Jun) 0.2850

H2 Avg (Jul–Dec) 0.2943

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0285 NAD (High: 0.3133 / Low: 0.2848). On the other end, January was the most stable month, with a tight range of 0.0071 NAD (High: 0.2702 / Low: 0.2631).

November Spread (Volatile) ±0.0285

January Spread (Stable) ±0.0071

Growth Streaks & Declines

Trends

Between July and October, 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 October and November, when the average rate fell by 0.0080 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0080

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.3015) against the same month in 2022 (average: 0.2834), the exchange rate shifted by +0.0182 (+6.41%).

2023 Avg (October) 0.3015

2022 Avg (October) 0.2834

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2702	0.2631	0.2674
February	0.2881	0.2668	0.2798
March	0.2912	0.2798	0.2861
April	0.2898	0.2775	0.2846
May	0.3087	0.2859	0.2988
June	0.3086	0.2845	0.2932
July	0.2964	0.2767	0.2861
August	0.3105	0.2867	0.2951
September	0.3008	0.2934	0.2970
October	0.3164	0.2939	0.3015
November	0.3133	0.2848	0.2935
December	0.2989	0.2862	0.2925