2023 MZN to NIO Historical Review

YEARLY HIGH

0.5773 NIO

YEARLY LOW

0.5644 NIO

YEARLY AVERAGE

0.5723 NIO

2023 MZN to NIO Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MZN to NIO exchange rate experienced significant fluctuation. The market reached its absolute peak on July 6, valuing the pair at 0.5773. Conversely, the yearly low was recorded on March 18, dropping to 0.5644.

This high-to-low spread represents a total annual volatility of 0.0129 NIO. From a start-to-finish perspective, comparing the January average rate of 0.5710 to the December average rate of 0.5740, the exchange rate registered a net change of 0.53% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5773 was down 1.22% compared to the 2022 peak of 0.5844, 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 2,886 NIO

2022 Average 2,808 NIO

Yearly Trough Low 2,822 NIO

Transaction Impact: A difference of 64.27 NIO purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5744

0.5707

JanuMarcMayJulySeptNove

MZN to NIO 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 0.5716, compared to 0.5730 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0014 points.

H1 Avg (Jan–Jun) 0.5716

H2 Avg (Jul–Dec) 0.5730

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0088 NIO (High: 0.5732 / Low: 0.5644). On the other end, May was the most stable month, with a tight range of 0.0028 NIO (High: 0.5739 / Low: 0.5711).

March Spread (Volatile) ±0.0088

May Spread (Stable) ±0.0028

Growth Streaks & Declines

Trends

Between January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0004 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.5728) against the same month in 2022 (average: 0.5612), the exchange rate shifted by +0.0116 (+2.06%).

2023 Avg (July) 0.5728

2022 Avg (July) 0.5612

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5723	0.5693	0.5710
February	0.5755	0.5686	0.5710
March	0.5732	0.5644	0.5713
April	0.5730	0.5666	0.5717
May	0.5739	0.5711	0.5721
June	0.5741	0.5693	0.5722
July	0.5773	0.5690	0.5728
August	0.5754	0.5715	0.5730
September	0.5741	0.5704	0.5725
October	0.5754	0.5700	0.5728
November	0.5755	0.5693	0.5729
December	0.5760	0.5728	0.5740