2023 NPR to MZN Historical Review

YEARLY HIGH

0.4943 MZN

YEARLY LOW

0.4776 MZN

YEARLY AVERAGE

0.4836 MZN

2023 NPR to MZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NPR to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on April 30, valuing the pair at 0.4943. Conversely, the yearly low was recorded on December 28, dropping to 0.4776.

This high-to-low spread represents a total annual volatility of 0.0167 MZN. From a start-to-finish perspective, comparing the January average rate of 0.4880 to the December average rate of 0.4791, the exchange rate registered a net change of -1.81% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4943 was down 8.50% compared to the 2022 peak of 0.5403, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 NPR based on timing:

Yearly Peak High 2,472 MZN

2022 Average 2,543 MZN

Yearly Trough Low 2,388 MZN

Transaction Impact: A difference of 83.54 MZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4889

0.4783

JanuMarcMayJulySeptNove

NPR to MZN 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 0.4860, compared to 0.4813 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0047 points.

H1 Avg (Jan–Jun) 0.4860

H2 Avg (Jul–Dec) 0.4813

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0110 MZN (High: 0.4926 / Low: 0.4816). On the other end, December was the most stable month, with a tight range of 0.0031 MZN (High: 0.4808 / Low: 0.4776).

January Spread (Volatile) ±0.0110

December Spread (Stable) ±0.0031

Growth Streaks & Declines

Trends

Between February and April, 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 January and February, when the average rate fell by 0.0044 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0044

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 0.4875) against the same month in 2022 (average: 0.5236), the exchange rate shifted by -0.0361 (-6.90%).

2023 Avg (April) 0.4875

2022 Avg (April) 0.5236

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4926	0.4816	0.4880
February	0.4881	0.4809	0.4836
March	0.4904	0.4817	0.4857
April	0.4943	0.4847	0.4875
May	0.4892	0.4820	0.4852
June	0.4904	0.4827	0.4858
July	0.4899	0.4798	0.4855
August	0.4858	0.4787	0.4819
September	0.4836	0.4795	0.4811
October	0.4820	0.4784	0.4800
November	0.4838	0.4788	0.4799
December	0.4808	0.4776	0.4791