2023 MZN to VND Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MZN to VND Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MZN to VND exchange rate experienced significant fluctuation. The market reached its absolute peak on October 26, valuing the pair at 385.3766. Conversely, the yearly low was recorded on January 17, dropping to 366.6695.
This high-to-low spread represents a total annual volatility of 18.7071 VND. From a start-to-finish perspective, comparing the January average rate of 367.3703 to the December average rate of 380.1708, the exchange rate registered a net change of 3.48% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 385.3766 was down 1.06% compared to the 2022 peak of 389.4978, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MZN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
MZN to VND Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 368.2932, compared to 378.0602 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 9.7671 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was August, with a trading range of 7.4563 VND (High: 378.9700 / Low: 371.5136). On the other end, April was the most stable month, with a tight range of 1.0639 VND (High: 367.9913 / Low: 366.9274).
Growth Streaks & Declines
TrendsBetween May and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 2.4400 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2023: 383.3566) against the same month in 2022 (average: 380.7915), the exchange rate shifted by +2.5651 (+0.67%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 370.1659 | 366.6695 | 367.3703 |
| February | 372.7911 | 366.9704 | 370.0524 |
| March | 371.5102 | 367.4444 | 369.4765 |
| April | 367.9913 | 366.9274 | 367.4426 |
| May | 368.1792 | 366.9705 | 367.3903 |
| June | 369.1194 | 367.4875 | 368.0268 |
| July | 375.0168 | 369.1194 | 370.9561 |
| August | 378.9700 | 371.5136 | 373.8148 |
| September | 382.1328 | 376.3582 | 379.1463 |
| October | 385.3766 | 381.4812 | 383.3566 |
| November | 384.8384 | 378.0738 | 380.9166 |
| December | 381.4812 | 379.1905 | 380.1708 |