2023 QAR to MZN Historical Review

YEARLY HIGH

17.7409 MZN

YEARLY LOW

17.3523 MZN

YEARLY AVERAGE

17.5308 MZN

2023 QAR to MZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the QAR to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on April 29, valuing the pair at 17.7409. Conversely, the yearly low was recorded on February 5, dropping to 17.3523.

This high-to-low spread represents a total annual volatility of 0.3886 MZN. From a start-to-finish perspective, comparing the January average rate of 17.5316 to the December average rate of 17.5262, the exchange rate registered a net change of -0.03% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 17.7409 was up 0.90% compared to the 2022 peak of 17.5835, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 88,704 MZN

2022 Average 87,636 MZN

Yearly Trough Low 86,762 MZN

Transaction Impact: A difference of 1,942.88 MZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

17.5547

17.5144

JanuMarcMayJulySeptNove

QAR 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 17.5294, compared to 17.5323 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0030 points.

H1 Avg (Jan–Jun) 17.5294

H2 Avg (Jul–Dec) 17.5323

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.3850 MZN (High: 17.7409 / Low: 17.3559). On the other end, May was the most stable month, with a tight range of 0.0473 MZN (High: 17.5563 / Low: 17.5089).

April Spread (Volatile) ±0.3850

May Spread (Stable) ±0.0473

Growth Streaks & Declines

Trends

Between March and May, 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 November and December, when the average rate fell by 0.0251 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0251

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 17.5219) against the same month in 2022 (average: 17.5338), the exchange rate shifted by -0.0118 (-0.07%).

2023 Avg (April) 17.5219

2022 Avg (April) 17.5338

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	17.5639	17.4152	17.5316
February	17.6423	17.3523	17.5225
March	17.7116	17.3794	17.5178
April	17.7409	17.3559	17.5219
May	17.5563	17.5089	17.5415
June	17.5752	17.4572	17.5408
July	17.6046	17.3957	17.5203
August	17.5476	17.4421	17.5225
September	17.5642	17.4965	17.5430
October	17.5616	17.4824	17.5306
November	17.6522	17.5032	17.5514
December	17.5501	17.4731	17.5262