2024 MZN to SGD Historical Review

YEARLY HIGH

0.0218 SGD

YEARLY LOW

0.0200 SGD

YEARLY AVERAGE

0.0209 SGD

2024 MZN to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MZN to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 22, valuing the pair at 0.0218. Conversely, the yearly low was recorded on September 28, dropping to 0.0200.

This high-to-low spread represents a total annual volatility of 0.0018 SGD. From a start-to-finish perspective, comparing the January average rate of 0.0209 to the December average rate of 0.0212, the exchange rate registered a net change of 1.03% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0218 was up 1.49% compared to the 2023 peak of 0.0215, 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 109 SGD

2023 Average 105 SGD

Yearly Trough Low 100 SGD

Transaction Impact: A difference of 8.97 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0213

0.0202

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 0.0211, compared to 0.0208 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.0211

H2 Avg (Jul–Dec) 0.0208

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 0.0012 SGD (High: 0.0218 / Low: 0.0207). On the other end, February was the most stable month, with a tight range of 0.0002 SGD (High: 0.0211 / Low: 0.0209).

January Spread (Volatile) ±0.0012

February Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between September and December, 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 0.0005 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0005

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.0209) against the same month in 2023 (average: 0.0207), the exchange rate shifted by +0.0002 (+0.99%).

2024 Avg (January) 0.0209

2023 Avg (January) 0.0207

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0218	0.0207	0.0209
February	0.0211	0.0209	0.0211
March	0.0211	0.0208	0.0210
April	0.0214	0.0210	0.0212
May	0.0213	0.0210	0.0211
June	0.0213	0.0210	0.0212
July	0.0213	0.0209	0.0211
August	0.0209	0.0204	0.0206
September	0.0205	0.0200	0.0203
October	0.0207	0.0202	0.0205
November	0.0211	0.0206	0.0209
December	0.0214	0.0209	0.0212