2023 PEN to MZN Historical Review

YEARLY HIGH

17.9380 MZN

YEARLY LOW

16.3772 MZN

YEARLY AVERAGE

17.0832 MZN

2023 PEN to MZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PEN to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on July 17, valuing the pair at 17.9380. Conversely, the yearly low was recorded on January 26, dropping to 16.3772.

This high-to-low spread represents a total annual volatility of 1.5608 MZN. From a start-to-finish perspective, comparing the January average rate of 16.7108 to the December average rate of 17.0978, the exchange rate registered a net change of 2.32% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 17.9380 was up 2.15% compared to the 2022 peak of 17.5604, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 89,690 MZN

2022 Average 83,340 MZN

Yearly Trough Low 81,886 MZN

Transaction Impact: A difference of 7,804.07 MZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

17.8343

16.5281

JanuMarcMayJulySeptNove

PEN 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 17.0235, compared to 17.1429 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1193 points.

H1 Avg (Jan–Jun) 17.0235

H2 Avg (Jul–Dec) 17.1429

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.5724 MZN (High: 16.9495 / Low: 16.3772). On the other end, May was the most stable month, with a tight range of 0.2890 MZN (High: 17.5020 / Low: 17.2130).

January Spread (Volatile) ±0.5724

May Spread (Stable) ±0.2890

Growth Streaks & Declines

Trends

Between February and July, 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 September and October, when the average rate fell by 0.5210 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.5210

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 17.7254) against the same month in 2022 (average: 16.3928), the exchange rate shifted by +1.3327 (+8.13%).

2023 Avg (July) 17.7254

2022 Avg (July) 16.3928

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	16.9495	16.3772	16.7108
February	16.8151	16.4088	16.6524
March	17.1013	16.7727	16.9134
April	17.3458	16.8815	17.0016
May	17.5020	17.2130	17.3392
June	17.7157	17.2755	17.5239
July	17.9380	17.4308	17.7254
August	17.6818	17.1224	17.2978
September	17.2913	16.8183	17.1579
October	16.8370	16.4648	16.6369
November	17.1416	16.5900	16.9415
December	17.3171	16.8678	17.0978