2023 MZN to NPR Historical Review

YEARLY HIGH

2.0937 NPR

YEARLY LOW

2.0229 NPR

YEARLY AVERAGE

2.0679 NPR

2023 MZN to NPR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MZN to NPR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 2.0937. Conversely, the yearly low was recorded on April 30, dropping to 2.0229.

This high-to-low spread represents a total annual volatility of 0.0708 NPR. From a start-to-finish perspective, comparing the January average rate of 2.0493 to the December average rate of 2.0870, the exchange rate registered a net change of 1.84% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.0937 was up 0.61% compared to the 2022 peak of 2.0811, 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 10,468 NPR

2022 Average 9,843 NPR

Yearly Trough Low 10,115 NPR

Transaction Impact: A difference of 353.80 NPR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.0908

2.0455

JanuMarcMayJulySeptNove

MZN to NPR 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 2.0579, compared to 2.0779 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0200 points.

H1 Avg (Jan–Jun) 2.0579

H2 Avg (Jul–Dec) 2.0779

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0463 NPR (High: 2.0765 / Low: 2.0302). On the other end, December was the most stable month, with a tight range of 0.0137 NPR (High: 2.0937 / Low: 2.0800).

January Spread (Volatile) ±0.0463

December Spread (Stable) ±0.0137

Growth Streaks & Declines

Trends

Between June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0090 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0090

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 2.0870) against the same month in 2022 (average: 2.0652), the exchange rate shifted by +0.0219 (+1.06%).

2023 Avg (December) 2.0870

2022 Avg (December) 2.0652

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.0765	2.0302	2.0493
February	2.0796	2.0489	2.0679
March	2.0762	2.0390	2.0590
April	2.0630	2.0229	2.0514
May	2.0748	2.0442	2.0612
June	2.0716	2.0391	2.0583
July	2.0843	2.0412	2.0596
August	2.0888	2.0585	2.0750
September	2.0856	2.0678	2.0788
October	2.0904	2.0746	2.0832
November	2.0887	2.0668	2.0840
December	2.0937	2.0800	2.0870