2023 MZN to SGD Historical Review

YEARLY HIGH

0.0215 SGD

YEARLY LOW

0.0204 SGD

YEARLY AVERAGE

0.0210 SGD

2023 MZN to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MZN to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 2, valuing the pair at 0.0215. Conversely, the yearly low was recorded on February 1, dropping to 0.0204.

This high-to-low spread represents a total annual volatility of 0.0011 SGD. From a start-to-finish perspective, comparing the January average rate of 0.0207 to the December average rate of 0.0208, the exchange rate registered a net change of 0.52% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0215 was down 4.46% compared to the 2022 peak of 0.0225, 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 108 SGD

2022 Average 108 SGD

Yearly Trough Low 102 SGD

Transaction Impact: A difference of 5.42 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0215

0.0207

JanuMarcMayJulySeptNove

MZN to SGD 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 0.0209, compared to 0.0211 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.0209

H2 Avg (Jul–Dec) 0.0211

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0007 SGD (High: 0.0211 / Low: 0.0204). On the other end, October was the most stable month, with a tight range of 0.0002 SGD (High: 0.0215 / Low: 0.0213).

February Spread (Volatile) ±0.0007

October Spread (Stable) ±0.0002

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 0.0003 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0003

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.0214) against the same month in 2022 (average: 0.0223), the exchange rate shifted by -0.0009 (-3.82%).

2023 Avg (October) 0.0214

2022 Avg (October) 0.0223

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0211	0.0205	0.0207
February	0.0211	0.0204	0.0209
March	0.0212	0.0208	0.0210
April	0.0209	0.0207	0.0209
May	0.0212	0.0207	0.0210
June	0.0212	0.0209	0.0211
July	0.0214	0.0207	0.0209
August	0.0213	0.0209	0.0212
September	0.0215	0.0212	0.0213
October	0.0215	0.0213	0.0214
November	0.0214	0.0208	0.0211
December	0.0210	0.0206	0.0208