2023 MZN to XAF Historical Review

YEARLY HIGH

9.8050 XAF

YEARLY LOW

9.1336 XAF

YEARLY AVERAGE

9.4914 XAF

2023 MZN to XAF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MZN to XAF exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 9.8050. Conversely, the yearly low was recorded on July 14, dropping to 9.1336.

This high-to-low spread represents a total annual volatility of 0.6714 XAF. From a start-to-finish perspective, comparing the January average rate of 9.5188 to the December average rate of 9.4019, the exchange rate registered a net change of -1.23% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 9.8050 was down 8.35% compared to the 2022 peak of 10.6978, 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 49,025 XAF

2022 Average 48,842 XAF

Yearly Trough Low 45,668 XAF

Transaction Impact: A difference of 3,357.16 XAF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

9.7633

9.2592

JanuMarcMayJulySeptNove

MZN to XAF 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 9.4915, compared to 9.4912 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0004 points.

H1 Avg (Jan–Jun) 9.4915

H2 Avg (Jul–Dec) 9.4912

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.4418 XAF (High: 9.5986 / Low: 9.1568). On the other end, October was the most stable month, with a tight range of 0.1773 XAF (High: 9.8050 / Low: 9.6277).

May Spread (Volatile) ±0.4418

October Spread (Stable) ±0.1773

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 March and April, when the average rate fell by 0.2376 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.2376

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 9.7213) against the same month in 2022 (average: 10.4406), the exchange rate shifted by -0.7193 (-6.89%).

2023 Avg (October) 9.7213

2022 Avg (October) 10.4406

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	9.7577	9.4001	9.5188
February	9.7270	9.3213	9.5918
March	9.7389	9.4139	9.5835
April	9.5010	9.2324	9.3459
May	9.5986	9.1568	9.4406
June	9.6036	9.3429	9.4686
July	9.5388	9.1336	9.3012
August	9.5164	9.3139	9.4162
September	9.7716	9.5230	9.6150
October	9.8050	9.6277	9.7213
November	9.6969	9.3322	9.4914
December	9.5430	9.2483	9.4019