2024 MZN to TRY Historical Review

YEARLY HIGH

0.5541 TRY

YEARLY LOW

0.4624 TRY

YEARLY AVERAGE

0.5147 TRY

2024 MZN to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MZN to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 0.5541. Conversely, the yearly low was recorded on January 1, dropping to 0.4624.

This high-to-low spread represents a total annual volatility of 0.0916 TRY. From a start-to-finish perspective, comparing the January average rate of 0.4717 to the December average rate of 0.5481, the exchange rate registered a net change of 16.20% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.5541 was up 19.78% compared to the 2023 peak of 0.4626, 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 2,770 TRY

2023 Average 1,865 TRY

Yearly Trough Low 2,312 TRY

Transaction Impact: A difference of 458.05 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.5558

0.4641

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 0.4962, compared to 0.5333 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0371 points.

H1 Avg (Jan–Jun) 0.4962

H2 Avg (Jul–Dec) 0.5333

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 0.0298 TRY (High: 0.4923 / Low: 0.4624). On the other end, October was the most stable month, with a tight range of 0.0026 TRY (High: 0.5373 / Low: 0.5348).

January Spread (Volatile) ±0.0298

October Spread (Stable) ±0.0026

Growth Streaks & Declines

Trends

Between May and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0009 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0009

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.5481) against the same month in 2023 (average: 0.4556), the exchange rate shifted by +0.0926 (+20.32%).

2024 Avg (December) 0.5481

2023 Avg (December) 0.4556

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4923	0.4624	0.4717
February	0.4898	0.4767	0.4823
March	0.5081	0.4916	0.5018
April	0.5097	0.4998	0.5059
May	0.5078	0.5025	0.5050
June	0.5161	0.5039	0.5103
July	0.5195	0.5095	0.5153
August	0.5343	0.5191	0.5275
September	0.5356	0.5308	0.5333
October	0.5373	0.5348	0.5362
November	0.5428	0.5353	0.5393
December	0.5541	0.5432	0.5481