2023 MZN to SAR Historical Review

YEARLY HIGH

0.0592 SAR

YEARLY LOW

0.0585 SAR

YEARLY AVERAGE

0.0587 SAR

2023 MZN to SAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MZN to SAR exchange rate experienced significant fluctuation. The market reached its absolute peak on July 5, valuing the pair at 0.0592. Conversely, the yearly low was recorded on November 5, dropping to 0.0585.

This high-to-low spread represents a total annual volatility of 0.0007 SAR. From a start-to-finish perspective, comparing the January average rate of 0.0588 to the December average rate of 0.0587, the exchange rate registered a net change of -0.13% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0592 was up 0.42% compared to the 2022 peak of 0.0589, 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 SAR

2022 Average 294 SAR

Yearly Trough Low 293 SAR

Transaction Impact: A difference of 3.42 SAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0588

0.0587

JanuMarcMayJulySeptNove

MZN to SAR 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 0.0587, compared to 0.0587 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) 0.0587

H2 Avg (Jul–Dec) 0.0587

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0005 SAR (High: 0.0592 / Low: 0.0587). On the other end, June was the most stable month, with a tight range of 0.0001 SAR (High: 0.0587 / Low: 0.0587).

July Spread (Volatile) ±0.0005

June Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0001 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.0588) against the same month in 2022 (average: 0.0588), the exchange rate shifted by +0.0000 (+0.00%).

2023 Avg (July) 0.0588

2022 Avg (July) 0.0588

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0589	0.0587	0.0588
February	0.0588	0.0586	0.0587
March	0.0588	0.0587	0.0588
April	0.0588	0.0587	0.0587
May	0.0588	0.0587	0.0587
June	0.0587	0.0587	0.0587
July	0.0592	0.0587	0.0588
August	0.0588	0.0587	0.0587
September	0.0588	0.0586	0.0587
October	0.0589	0.0586	0.0587
November	0.0587	0.0585	0.0587
December	0.0589	0.0587	0.0587