2024 MZN to QAR Historical Review

YEARLY HIGH

0.0592 QAR

YEARLY LOW

0.0566 QAR

YEARLY AVERAGE

0.0570 QAR

2024 MZN to QAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MZN to QAR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 22, valuing the pair at 0.0592. Conversely, the yearly low was recorded on August 3, dropping to 0.0566.

This high-to-low spread represents a total annual volatility of 0.0026 QAR. From a start-to-finish perspective, comparing the January average rate of 0.0571 to the December average rate of 0.0570, the exchange rate registered a net change of -0.12% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0592 was up 2.79% compared to the 2023 peak of 0.0576, 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 296 QAR

2023 Average 285 QAR

Yearly Trough Low 283 QAR

Transaction Impact: A difference of 13.20 QAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0571

0.0569

JanuMarcMayJulySeptNove

MZN to QAR 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 0.0570, compared to 0.0570 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.0570

H2 Avg (Jul–Dec) 0.0570

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 0.0023 QAR (High: 0.0592 / Low: 0.0570). On the other end, September was the most stable month, with a tight range of 0.0001 QAR (High: 0.0571 / Low: 0.0570).

January Spread (Volatile) ±0.0023

September Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between April and July, 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 July and August, when the average rate fell by 0.0001 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.0571) against the same month in 2023 (average: 0.0570), the exchange rate shifted by +0.0001 (+0.13%).

2024 Avg (January) 0.0571

2023 Avg (January) 0.0570

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0592	0.0570	0.0571
February	0.0577	0.0570	0.0570
March	0.0572	0.0568	0.0570
April	0.0573	0.0568	0.0569
May	0.0572	0.0568	0.0570
June	0.0574	0.0569	0.0570
July	0.0572	0.0570	0.0570
August	0.0571	0.0566	0.0570
September	0.0571	0.0570	0.0570
October	0.0573	0.0570	0.0571
November	0.0572	0.0569	0.0570
December	0.0572	0.0569	0.0570