2024 PKR to MZN Historical Review

YEARLY HIGH

0.2311 MZN

YEARLY LOW

0.2198 MZN

YEARLY AVERAGE

0.2295 MZN

2024 PKR to MZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PKR to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 10, valuing the pair at 0.2311. Conversely, the yearly low was recorded on January 22, dropping to 0.2198.

This high-to-low spread represents a total annual volatility of 0.0113 MZN. From a start-to-finish perspective, comparing the January average rate of 0.2279 to the December average rate of 0.2296, the exchange rate registered a net change of 0.76% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.2311 was down 17.96% compared to the 2023 peak of 0.2817, 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 115,554 MZN

2023 Average 114,724 MZN

Yearly Trough Low 109,915 MZN

Transaction Impact: A difference of 5,639.32 MZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.2302

0.2277

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 0.2292, compared to 0.2297 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.2292

H2 Avg (Jul–Dec) 0.2297

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 0.0109 MZN (High: 0.2307 / Low: 0.2198). On the other end, October was the most stable month, with a tight range of 0.0009 MZN (High: 0.2302 / Low: 0.2293).

January Spread (Volatile) ±0.0109

October Spread (Stable) ±0.0009

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0004 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 0.2290) against the same month in 2023 (average: 0.2408), the exchange rate shifted by -0.0119 (-4.93%).

2024 Avg (February) 0.2290

2023 Avg (February) 0.2408

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2307	0.2198	0.2279
February	0.2311	0.2283	0.2290
March	0.2304	0.2284	0.2293
April	0.2310	0.2287	0.2300
May	0.2306	0.2292	0.2296
June	0.2300	0.2286	0.2294
July	0.2302	0.2291	0.2296
August	0.2309	0.2288	0.2295
September	0.2301	0.2290	0.2295
October	0.2302	0.2293	0.2299
November	0.2304	0.2290	0.2299
December	0.2302	0.2288	0.2296