2024 PGK to MZN Historical Review

YEARLY HIGH

17.2638 MZN

YEARLY LOW

15.7114 MZN

YEARLY AVERAGE

16.4232 MZN

2024 PGK to MZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PGK to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 25, valuing the pair at 17.2638. Conversely, the yearly low was recorded on December 31, dropping to 15.7114.

This high-to-low spread represents a total annual volatility of 1.5524 MZN. From a start-to-finish perspective, comparing the January average rate of 17.0870 to the December average rate of 15.7960, the exchange rate registered a net change of -7.56% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 17.2638 was down 6.12% compared to the 2023 peak of 18.3896, 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 86,319 MZN

2023 Average 88,713 MZN

Yearly Trough Low 78,557 MZN

Transaction Impact: A difference of 7,761.78 MZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

17.2161

15.6669

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 16.7504, compared to 16.0960 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.6543 points.

H1 Avg (Jan–Jun) 16.7504

H2 Avg (Jul–Dec) 16.0960

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 0.7657 MZN (High: 17.2638 / Low: 16.4980). On the other end, May was the most stable month, with a tight range of 0.1721 MZN (High: 16.5766 / Low: 16.4045).

January Spread (Volatile) ±0.7657

May Spread (Stable) ±0.1721

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.2621 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.2621

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 17.0870) against the same month in 2023 (average: 18.1339), the exchange rate shifted by -1.0469 (-5.77%).

2024 Avg (January) 17.0870

2023 Avg (January) 18.1339

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	17.2638	16.4980	17.0870
February	17.1599	16.7516	16.9323
March	17.1177	16.6865	16.8225
April	16.9339	16.4955	16.7382
May	16.5766	16.4045	16.4761
June	16.6505	16.3218	16.4460
July	16.6407	16.2581	16.3862
August	16.7292	16.1320	16.2727
September	16.3323	16.0023	16.1314
October	16.2721	15.9154	16.0956
November	16.0415	15.7716	15.8944
December	16.0033	15.7114	15.7960