2023 MZN to TRY Historical Review

YEARLY HIGH

0.4626 TRY

YEARLY LOW

0.2927 TRY

YEARLY AVERAGE

0.3725 TRY

2023 MZN to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MZN to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 0.4626. Conversely, the yearly low was recorded on January 1, dropping to 0.2927.

This high-to-low spread represents a total annual volatility of 0.1698 TRY. From a start-to-finish perspective, comparing the January average rate of 0.2940 to the December average rate of 0.4556, the exchange rate registered a net change of 54.97% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4626 was up 57.91% compared to the 2022 peak of 0.2929, 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 2,313 TRY

2022 Average 1,298 TRY

Yearly Trough Low 1,464 TRY

Transaction Impact: A difference of 849.08 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4717

0.2778

JanuMarcMayJulySeptNove

MZN to TRY 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 0.3117, compared to 0.4334 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1217 points.

H1 Avg (Jan–Jun) 0.3117

H2 Avg (Jul–Dec) 0.4334

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0812 TRY (High: 0.4083 / Low: 0.3271). On the other end, February was the most stable month, with a tight range of 0.0011 TRY (High: 0.2956 / Low: 0.2945).

June Spread (Volatile) ±0.0812

February Spread (Stable) ±0.0011

Growth Streaks & Declines

Trends

Between January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.

Longest Streak 11 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.4556) against the same month in 2022 (average: 0.2920), the exchange rate shifted by +0.1636 (+56.03%).

2023 Avg (December) 0.4556

2022 Avg (December) 0.2920

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2946	0.2927	0.2940
February	0.2956	0.2945	0.2950
March	0.3002	0.2946	0.2974
April	0.3047	0.3001	0.3028
May	0.3249	0.3046	0.3096
June	0.4083	0.3271	0.3712
July	0.4232	0.4031	0.4151
August	0.4260	0.4056	0.4215
September	0.4301	0.4183	0.4228
October	0.4431	0.4302	0.4367
November	0.4532	0.4433	0.4487
December	0.4626	0.4524	0.4556