2024 MZN to ZAR Historical Review

YEARLY HIGH

0.3124 ZAR

YEARLY LOW

0.2677 ZAR

YEARLY AVERAGE

0.2870 ZAR

2024 MZN to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MZN to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 22, valuing the pair at 0.3124. Conversely, the yearly low was recorded on September 29, dropping to 0.2677.

This high-to-low spread represents a total annual volatility of 0.0447 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.2940 to the December average rate of 0.2857, the exchange rate registered a net change of -2.82% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.3124 was up 0.91% compared to the 2023 peak of 0.3096, 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 1,562 ZAR

2023 Average 1,445 ZAR

Yearly Trough Low 1,339 ZAR

Transaction Impact: A difference of 223.40 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.3000

0.2728

JanuMarcMayJulySeptNove

MZN to ZAR 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 0.2931, compared to 0.2809 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0122 points.

H1 Avg (Jan–Jun) 0.2931

H2 Avg (Jul–Dec) 0.2809

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 0.0260 ZAR (High: 0.3124 / Low: 0.2865). On the other end, October was the most stable month, with a tight range of 0.0068 ZAR (High: 0.2784 / Low: 0.2717).

January Spread (Volatile) ±0.0260

October Spread (Stable) ±0.0068

Growth Streaks & Declines

Trends

Between October and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0073 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0073

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.2940) against the same month in 2023 (average: 0.2673), the exchange rate shifted by +0.0266 (+9.97%).

2024 Avg (January) 0.2940

2023 Avg (January) 0.2673

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3124	0.2865	0.2940
February	0.3024	0.2909	0.2978
March	0.2989	0.2906	0.2951
April	0.3012	0.2888	0.2953
May	0.2941	0.2827	0.2881
June	0.2967	0.2808	0.2881
July	0.2914	0.2810	0.2853
August	0.2931	0.2771	0.2827
September	0.2813	0.2677	0.2755
October	0.2784	0.2717	0.2750
November	0.2861	0.2708	0.2810
December	0.2961	0.2770	0.2857