2024 MZN to NPR Historical Review

YEARLY HIGH

2.1627 NPR

YEARLY LOW

2.0633 NPR

YEARLY AVERAGE

2.0950 NPR

2024 MZN to NPR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MZN to NPR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 22, valuing the pair at 2.1627. Conversely, the yearly low was recorded on March 7, dropping to 2.0633.

This high-to-low spread represents a total annual volatility of 0.0994 NPR. From a start-to-finish perspective, comparing the January average rate of 2.0843 to the December average rate of 2.1279, the exchange rate registered a net change of 2.09% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.1627 was up 3.29% compared to the 2023 peak of 2.0937, 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 10,813 NPR

2023 Average 10,339 NPR

Yearly Trough Low 10,316 NPR

Transaction Impact: A difference of 496.94 NPR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.1330

2.0728

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 2.0839, compared to 2.1061 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0222 points.

H1 Avg (Jan–Jun) 2.0839

H2 Avg (Jul–Dec) 2.1061

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 0.0890 NPR (High: 2.1627 / Low: 2.0737). On the other end, July was the most stable month, with a tight range of 0.0140 NPR (High: 2.0996 / Low: 2.0856).

January Spread (Volatile) ±0.0890

July Spread (Stable) ±0.0140

Growth Streaks & Declines

Trends

Between March and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0052 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.0052

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 2.0843) against the same month in 2023 (average: 2.0493), the exchange rate shifted by +0.0350 (+1.71%).

2024 Avg (January) 2.0843

2023 Avg (January) 2.0493

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.1627	2.0737	2.0843
February	2.0954	2.0726	2.0791
March	2.0875	2.0633	2.0778
April	2.0938	2.0765	2.0849
May	2.0995	2.0753	2.0873
June	2.1019	2.0812	2.0901
July	2.0996	2.0856	2.0929
August	2.1067	2.0793	2.0991
September	2.1069	2.0918	2.0996
October	2.1119	2.0977	2.1055
November	2.1244	2.1024	2.1116
December	2.1471	2.1136	2.1279