2023 MZN to THB Historical Review

YEARLY HIGH

0.5808 THB

YEARLY LOW

0.5104 THB

YEARLY AVERAGE

0.5443 THB

2023 MZN to THB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MZN to THB exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 0.5808. Conversely, the yearly low was recorded on January 21, dropping to 0.5104.

This high-to-low spread represents a total annual volatility of 0.0704 THB. From a start-to-finish perspective, comparing the January average rate of 0.5198 to the December average rate of 0.5464, the exchange rate registered a net change of 5.12% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5808 was down 3.17% compared to the 2022 peak of 0.5998, 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 2,904 THB

2022 Average 2,743 THB

Yearly Trough Low 2,552 THB

Transaction Impact: A difference of 351.88 THB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5765

0.5147

JanuMarcMayJulySeptNove

MZN to THB 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 0.5346, compared to 0.5541 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0195 points.

H1 Avg (Jan–Jun) 0.5346

H2 Avg (Jul–Dec) 0.5541

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0387 THB (High: 0.5511 / Low: 0.5123). On the other end, April was the most stable month, with a tight range of 0.0099 THB (High: 0.5402 / Low: 0.5303).

February Spread (Volatile) ±0.0387

April Spread (Stable) ±0.0099

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 0.0166 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0166

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.5713) against the same month in 2022 (average: 0.5936), the exchange rate shifted by -0.0223 (-3.76%).

2023 Avg (October) 0.5713

2022 Avg (October) 0.5936

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5419	0.5104	0.5198
February	0.5511	0.5123	0.5332
March	0.5498	0.5277	0.5387
April	0.5402	0.5303	0.5351
May	0.5440	0.5249	0.5351
June	0.5575	0.5408	0.5457
July	0.5558	0.5334	0.5429
August	0.5557	0.5378	0.5488
September	0.5740	0.5489	0.5605
October	0.5808	0.5622	0.5713
November	0.5651	0.5428	0.5547
December	0.5591	0.5352	0.5464