2024 NPR to MZN Historical Review

YEARLY HIGH

0.4847 MZN

YEARLY LOW

0.4624 MZN

YEARLY AVERAGE

0.4774 MZN

2024 NPR to MZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NPR to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on March 7, valuing the pair at 0.4847. Conversely, the yearly low was recorded on January 22, dropping to 0.4624.

This high-to-low spread represents a total annual volatility of 0.0223 MZN. From a start-to-finish perspective, comparing the January average rate of 0.4798 to the December average rate of 0.4699, the exchange rate registered a net change of -2.06% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.4847 was down 1.96% compared to the 2023 peak of 0.4943, 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 2,423 MZN

2023 Average 2,418 MZN

Yearly Trough Low 2,312 MZN

Transaction Impact: A difference of 111.37 MZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.4824

0.4688

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 0.4799, compared to 0.4748 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0050 points.

H1 Avg (Jan–Jun) 0.4799

H2 Avg (Jul–Dec) 0.4748

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 0.0198 MZN (High: 0.4822 / Low: 0.4624). On the other end, July was the most stable month, with a tight range of 0.0032 MZN (High: 0.4795 / Low: 0.4763).

January Spread (Volatile) ±0.0198

July Spread (Stable) ±0.0032

Growth Streaks & Declines

Trends

Between January and March, 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 November and December, when the average rate fell by 0.0036 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0036

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2024: 0.4813) against the same month in 2023 (average: 0.4857), the exchange rate shifted by -0.0044 (-0.91%).

2024 Avg (March) 0.4813

2023 Avg (March) 0.4857

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4822	0.4624	0.4798
February	0.4825	0.4772	0.4810
March	0.4847	0.4790	0.4813
April	0.4816	0.4776	0.4796
May	0.4819	0.4763	0.4791
June	0.4805	0.4758	0.4784
July	0.4795	0.4763	0.4778
August	0.4809	0.4747	0.4764
September	0.4781	0.4746	0.4763
October	0.4767	0.4735	0.4749
November	0.4756	0.4707	0.4736
December	0.4731	0.4657	0.4699