2023 MZN to RON Historical Review

YEARLY HIGH

0.0744 RON

YEARLY LOW

0.0688 RON

YEARLY AVERAGE

0.0716 RON

2023 MZN to RON Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MZN to RON exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 0.0744. Conversely, the yearly low was recorded on July 15, dropping to 0.0688.

This high-to-low spread represents a total annual volatility of 0.0056 RON. From a start-to-finish perspective, comparing the January average rate of 0.0715 to the December average rate of 0.0713, the exchange rate registered a net change of -0.35% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0744 was down 7.78% compared to the 2022 peak of 0.0806, 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 372 RON

2022 Average 367 RON

Yearly Trough Low 344 RON

Transaction Impact: A difference of 27.76 RON purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0740

0.0697

JanuMarcMayJulySeptNove

MZN to RON 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 0.0715, compared to 0.0718 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.0715

H2 Avg (Jul–Dec) 0.0718

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0033 RON (High: 0.0731 / Low: 0.0698). On the other end, August was the most stable month, with a tight range of 0.0013 RON (High: 0.0716 / Low: 0.0703).

February Spread (Volatile) ±0.0033

August Spread (Stable) ±0.0013

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 October and November, when the average rate fell by 0.0017 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0017

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.0736) against the same month in 2022 (average: 0.0784), the exchange rate shifted by -0.0048 (-6.14%).

2023 Avg (October) 0.0736

2022 Avg (October) 0.0784

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0733	0.0701	0.0715
February	0.0731	0.0698	0.0718
March	0.0730	0.0709	0.0720
April	0.0716	0.0698	0.0705
May	0.0726	0.0697	0.0713
June	0.0726	0.0707	0.0716
July	0.0720	0.0688	0.0701
August	0.0716	0.0703	0.0710
September	0.0741	0.0718	0.0728
October	0.0744	0.0729	0.0736
November	0.0735	0.0707	0.0719
December	0.0723	0.0701	0.0713