2023 MZN to SLL Historical Review

YEARLY HIGH

329.1915 SLL

YEARLY LOW

276.0156 SLL

YEARLY AVERAGE

298.6901 SLL

2023 MZN to SLL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MZN to SLL exchange rate experienced significant fluctuation. The market reached its absolute peak on October 1, valuing the pair at 329.1915. Conversely, the yearly low was recorded on February 23, dropping to 276.0156.

This high-to-low spread represents a total annual volatility of 53.1759 SLL. From a start-to-finish perspective, comparing the January average rate of 276.5138 to the December average rate of 328.2814, the exchange rate registered a net change of 18.72% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 329.1915 was up 18.99% compared to the 2022 peak of 276.6641, 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 1,645,957 SLL

2022 Average 1,074,708 SLL

Yearly Trough Low 1,380,078 SLL

Transaction Impact: A difference of 265,879.29 SLL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

333.5956

271.2356

JanuMarcMayJulySeptNove

MZN to SLL 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 276.5163, compared to 320.8639 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 44.3476 points.

H1 Avg (Jan–Jun) 276.5163

H2 Avg (Jul–Dec) 320.8639

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 52.6148 SLL (High: 329.0624 / Low: 276.4476). On the other end, April was the most stable month, with a tight range of 0.2164 SLL (High: 276.6641 / Low: 276.4476).

July Spread (Volatile) ±52.6148

April Spread (Stable) ±0.2164

Growth Streaks & Declines

Trends

Between February and May, 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 August and September, when the average rate fell by 0.1855 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1855

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 328.3445) against the same month in 2022 (average: 245.7206), the exchange rate shifted by +82.6239 (+33.63%).

2023 Avg (October) 328.3445

2022 Avg (October) 245.7206

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	276.6641	276.2314	276.5138
February	276.6641	276.0156	276.4323
March	276.6641	276.4476	276.5201
April	276.6641	276.4476	276.5630
May	277.0980	276.4476	276.5733
June	276.6641	276.3395	276.4952
July	329.0624	276.4476	283.6557
August	328.8560	328.2896	328.3990
September	328.5211	327.9046	328.2135
October	329.1915	328.1612	328.3445
November	328.4182	328.1612	328.2897
December	328.4182	328.1612	328.2814