2023 MZN to NZD Historical Review

YEARLY HIGH

0.0270 NZD

YEARLY LOW

0.0240 NZD

YEARLY AVERAGE

0.0255 NZD

2023 MZN to NZD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MZN to NZD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 25, valuing the pair at 0.0270. Conversely, the yearly low was recorded on February 1, dropping to 0.0240.

This high-to-low spread represents a total annual volatility of 0.0030 NZD. From a start-to-finish perspective, comparing the January average rate of 0.0244 to the December average rate of 0.0251, the exchange rate registered a net change of 2.85% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0270 was down 3.90% compared to the 2022 peak of 0.0281, 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 135 NZD

2022 Average 124 NZD

Yearly Trough Low 120 NZD

Transaction Impact: A difference of 15.10 NZD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0268

0.0242

JanuMarcMayJulySeptNove

MZN to NZD 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 0.0251, compared to 0.0259 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0008 points.

H1 Avg (Jan–Jun) 0.0251

H2 Avg (Jul–Dec) 0.0259

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0014 NZD (High: 0.0254 / Low: 0.0240). On the other end, September was the most stable month, with a tight range of 0.0005 NZD (High: 0.0267 / Low: 0.0261).

February Spread (Volatile) ±0.0014

September Spread (Stable) ±0.0005

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 November and December, when the average rate fell by 0.0010 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0010

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.0266) against the same month in 2022 (average: 0.0275), the exchange rate shifted by -0.0010 (-3.48%).

2023 Avg (October) 0.0266

2022 Avg (October) 0.0275

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0251	0.0241	0.0244
February	0.0254	0.0240	0.0249
March	0.0257	0.0249	0.0252
April	0.0256	0.0248	0.0252
May	0.0260	0.0246	0.0252
June	0.0259	0.0251	0.0255
July	0.0256	0.0245	0.0252
August	0.0265	0.0255	0.0262
September	0.0267	0.0261	0.0264
October	0.0270	0.0259	0.0266
November	0.0266	0.0254	0.0261
December	0.0256	0.0247	0.0251