2023 PGK to MZN Historical Review

YEARLY HIGH

18.3896 MZN

YEARLY LOW

16.8657 MZN

YEARLY AVERAGE

17.7446 MZN

2023 PGK to MZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PGK to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 18.3896. Conversely, the yearly low was recorded on November 24, dropping to 16.8657.

This high-to-low spread represents a total annual volatility of 1.5239 MZN. From a start-to-finish perspective, comparing the January average rate of 18.1339 to the December average rate of 17.0760, the exchange rate registered a net change of -5.83% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 18.3896 was up 0.21% compared to the 2022 peak of 18.3515, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 91,948 MZN

2022 Average 90,535 MZN

Yearly Trough Low 84,329 MZN

Transaction Impact: A difference of 7,619.34 MZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

18.2504

16.9145

JanuMarcMayJulySeptNove

PGK 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 18.0931, compared to 17.3961 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.6970 points.

H1 Avg (Jan–Jun) 18.0931

H2 Avg (Jul–Dec) 17.3961

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.7143 MZN (High: 18.1463 / Low: 17.4320). On the other end, January was the most stable month, with a tight range of 0.0652 MZN (High: 18.1819 / Low: 18.1167).

August Spread (Volatile) ±0.7143

January Spread (Stable) ±0.0652

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.3002 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.3002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 18.1391) against the same month in 2022 (average: 18.1324), the exchange rate shifted by +0.0067 (+0.04%).

2023 Avg (March) 18.1391

2022 Avg (March) 18.1324

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	18.1819	18.1167	18.1339
February	18.1671	17.9190	18.1082
March	18.3896	17.8943	18.1391
April	18.3057	17.8813	18.1142
May	18.1591	17.7639	18.0823
June	18.1548	17.7112	17.9810
July	18.1463	17.6191	17.8609
August	18.1463	17.4320	17.6522
September	17.8929	17.3319	17.5309
October	17.4757	16.9492	17.2307
November	17.2513	16.8657	17.0258
December	17.1936	16.8992	17.0760