2021 MZN to RSD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2021.
2021 MZN to RSD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the MZN to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 19, valuing the pair at 1.7707. Conversely, the yearly low was recorded on January 6, dropping to 1.2751.
This high-to-low spread represents a total annual volatility of 0.4956 RSD. From a start-to-finish perspective, comparing the January average rate of 1.2914 to the December average rate of 1.6286, the exchange rate registered a net change of 26.11% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2021 high of 1.7707 was up 3.46% compared to the 2020 peak of 1.7115, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MZN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2021.
MZN to RSD Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 1.4658, compared to 1.5878 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1220 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was April, with a trading range of 0.2972 RSD (High: 1.7707 / Low: 1.4735). On the other end, October was the most stable month, with a tight range of 0.0171 RSD (High: 1.5951 / Low: 1.5780).
Growth Streaks & Declines
TrendsBetween January and April, 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 May and June, when the average rate fell by 0.0772 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2021: 1.6509) against the same month in 2020 (average: 1.6090), the exchange rate shifted by +0.0419 (+2.61%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1.3023 | 1.2751 | 1.2914 |
| February | 1.3050 | 1.2843 | 1.2939 |
| March | 1.4590 | 1.3052 | 1.3595 |
| April | 1.7707 | 1.4735 | 1.6509 |
| May | 1.7001 | 1.5826 | 1.6380 |
| June | 1.5745 | 1.5473 | 1.5608 |
| July | 1.5697 | 1.5521 | 1.5633 |
| August | 1.5803 | 1.5525 | 1.5685 |
| September | 1.5930 | 1.5530 | 1.5643 |
| October | 1.5951 | 1.5780 | 1.5868 |
| November | 1.6439 | 1.5877 | 1.6152 |
| December | 1.6390 | 1.6192 | 1.6286 |