2023 PKR to MZN Historical Review

YEARLY HIGH

0.2817 MZN

YEARLY LOW

0.2073 MZN

YEARLY AVERAGE

0.2295 MZN

2023 PKR to MZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PKR to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.2817. Conversely, the yearly low was recorded on September 5, dropping to 0.2073.

This high-to-low spread represents a total annual volatility of 0.0744 MZN. From a start-to-finish perspective, comparing the January average rate of 0.2739 to the December average rate of 0.2265, the exchange rate registered a net change of -17.30% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2817 was down 23.05% compared to the 2022 peak of 0.3661, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 500,000 PKR based on timing:

Yearly Peak High 140,855 MZN

2022 Average 157,683 MZN

Yearly Trough Low 103,660 MZN

Transaction Impact: A difference of 37,195.43 MZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2798

0.2088

JanuMarcMayJulySeptNove

PKR 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 0.2358, compared to 0.2232 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0126 points.

H1 Avg (Jan–Jun) 0.2358

H2 Avg (Jul–Dec) 0.2232

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0434 MZN (High: 0.2817 / Low: 0.2383). On the other end, June was the most stable month, with a tight range of 0.0021 MZN (High: 0.2242 / Low: 0.2221).

January Spread (Volatile) ±0.0434

June Spread (Stable) ±0.0021

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 January and February, when the average rate fell by 0.0331 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0331

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.2739) against the same month in 2022 (average: 0.3616), the exchange rate shifted by -0.0877 (-24.26%).

2023 Avg (January) 0.2739

2022 Avg (January) 0.3616

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2817	0.2383	0.2739
February	0.2551	0.2318	0.2408
March	0.2438	0.2252	0.2281
April	0.2290	0.2212	0.2252
May	0.2255	0.2160	0.2236
June	0.2242	0.2221	0.2229
July	0.2344	0.2216	0.2266
August	0.2253	0.2095	0.2177
September	0.2220	0.2073	0.2147
October	0.2322	0.2204	0.2286
November	0.2295	0.2214	0.2249
December	0.2297	0.2239	0.2265