2024 MZN to TOP Historical Review

YEARLY HIGH

0.0385 TOP

YEARLY LOW

0.0365 TOP

YEARLY AVERAGE

0.0371 TOP

2024 MZN to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MZN to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 22, valuing the pair at 0.0385. Conversely, the yearly low was recorded on January 1, dropping to 0.0365.

This high-to-low spread represents a total annual volatility of 0.0020 TOP. From a start-to-finish perspective, comparing the January average rate of 0.0369 to the December average rate of 0.0375, the exchange rate registered a net change of 1.55% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0385 was up 1.85% compared to the 2023 peak of 0.0378, 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 192 TOP

2023 Average 185 TOP

Yearly Trough Low 182 TOP

Transaction Impact: A difference of 9.95 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0376

0.0366

JanuMarcMayJulySeptNove

MZN to TOP 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 0.0371, compared to 0.0371 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0371

H2 Avg (Jul–Dec) 0.0371

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 0.0020 TOP (High: 0.0385 / Low: 0.0365). On the other end, December was the most stable month, with a tight range of 0.0000 TOP (High: 0.0375 / Low: 0.0375).

January Spread (Volatile) ±0.0020

December Spread (Stable) ±0.0000

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 August and September, 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 (January 2024: 0.0369) against the same month in 2023 (average: 0.0365), the exchange rate shifted by +0.0005 (+1.26%).

2024 Avg (January) 0.0369

2023 Avg (January) 0.0365

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0385	0.0365	0.0369
February	0.0375	0.0369	0.0371
March	0.0372	0.0369	0.0371
April	0.0378	0.0371	0.0373
May	0.0373	0.0369	0.0371
June	0.0370	0.0368	0.0369
July	0.0374	0.0368	0.0370
August	0.0373	0.0366	0.0370
September	0.0369	0.0365	0.0367
October	0.0373	0.0365	0.0370
November	0.0376	0.0372	0.0374
December	0.0375	0.0375	0.0375