2023 MZN to NOK Historical Review

YEARLY HIGH

0.1758 NOK

YEARLY LOW

0.1531 NOK

YEARLY AVERAGE

0.1653 NOK

2023 MZN to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MZN to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 9, valuing the pair at 0.1758. Conversely, the yearly low was recorded on January 21, dropping to 0.1531.

This high-to-low spread represents a total annual volatility of 0.0226 NOK. From a start-to-finish perspective, comparing the January average rate of 0.1554 to the December average rate of 0.1646, the exchange rate registered a net change of 5.97% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1758 was up 3.19% compared to the 2022 peak of 0.1703, 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 879 NOK

2022 Average 753 NOK

Yearly Trough Low 766 NOK

Transaction Impact: A difference of 113.13 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1739

0.1537

JanuMarcMayJulySeptNove

MZN to NOK 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 0.1639, compared to 0.1668 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0029 points.

H1 Avg (Jan–Jun) 0.1639

H2 Avg (Jul–Dec) 0.1668

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0142 NOK (High: 0.1699 / Low: 0.1557). On the other end, September was the most stable month, with a tight range of 0.0031 NOK (High: 0.1696 / Low: 0.1665).

July Spread (Volatile) ±0.0142

September Spread (Stable) ±0.0031

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 June and July, when the average rate fell by 0.0077 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0077

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.1707) against the same month in 2022 (average: 0.1583), the exchange rate shifted by +0.0124 (+7.84%).

2023 Avg (November) 0.1707

2022 Avg (November) 0.1583

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1605	0.1531	0.1554
February	0.1634	0.1547	0.1604
March	0.1685	0.1622	0.1649
April	0.1672	0.1610	0.1645
May	0.1751	0.1644	0.1693
June	0.1738	0.1643	0.1689
July	0.1699	0.1557	0.1612
August	0.1679	0.1587	0.1640
September	0.1696	0.1665	0.1679
October	0.1755	0.1683	0.1723
November	0.1758	0.1661	0.1707
December	0.1717	0.1582	0.1646