2024 PEN to MZN Historical Review

YEARLY HIGH

17.4205 MZN

YEARLY LOW

16.4338 MZN

YEARLY AVERAGE

17.0244 MZN

2024 PEN to MZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PEN to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on April 8, valuing the pair at 17.4205. Conversely, the yearly low was recorded on January 22, dropping to 16.4338.

This high-to-low spread represents a total annual volatility of 0.9866 MZN. From a start-to-finish perspective, comparing the January average rate of 17.0985 to the December average rate of 17.1128, the exchange rate registered a net change of 0.08% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 17.4205 was down 2.88% compared to the 2023 peak of 17.9380, 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 87,102 MZN

2023 Average 85,430 MZN

Yearly Trough Low 82,169 MZN

Transaction Impact: A difference of 4,933.20 MZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

17.2684

16.6326

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 17.0359, compared to 17.0130 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0229 points.

H1 Avg (Jan–Jun) 17.0359

H2 Avg (Jul–Dec) 17.0130

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 0.8827 MZN (High: 17.3166 / Low: 16.4338). On the other end, August was the most stable month, with a tight range of 0.2027 MZN (High: 17.2152 / Low: 17.0126).

January Spread (Volatile) ±0.8827

August Spread (Stable) ±0.2027

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 0.4129 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.4129

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 17.2154) against the same month in 2023 (average: 17.0016), the exchange rate shifted by +0.2139 (+1.26%).

2024 Avg (April) 17.2154

2023 Avg (April) 17.0016

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	17.3166	16.4338	17.0985
February	16.8934	16.4717	16.6856
March	17.4110	16.8701	17.2013
April	17.4205	16.9494	17.2154
May	17.3295	16.9902	17.1250
June	17.1251	16.6627	16.8896
July	17.1945	16.6066	16.9758
August	17.2152	17.0126	17.1065
September	17.1883	16.7379	16.9455
October	17.2351	16.9330	17.0341
November	17.0954	16.7818	16.9033
December	17.2267	16.9867	17.1128