2024 QAR to MZN Historical Review

YEARLY HIGH

17.6693 MZN

YEARLY LOW

16.8817 MZN

YEARLY AVERAGE

17.5374 MZN

2024 QAR to MZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the QAR to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 2, valuing the pair at 17.6693. Conversely, the yearly low was recorded on January 22, dropping to 16.8817.

This high-to-low spread represents a total annual volatility of 0.7877 MZN. From a start-to-finish perspective, comparing the January average rate of 17.5105 to the December average rate of 17.5300, the exchange rate registered a net change of 0.11% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 17.6693 was down 0.40% compared to the 2023 peak of 17.7409, 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 88,347 MZN

2023 Average 87,654 MZN

Yearly Trough Low 84,408 MZN

Transaction Impact: A difference of 3,938.39 MZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

17.5647

17.5055

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 17.5368, compared to 17.5381 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0013 points.

H1 Avg (Jan–Jun) 17.5368

H2 Avg (Jul–Dec) 17.5381

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 0.6746 MZN (High: 17.5563 / Low: 16.8817). On the other end, September was the most stable month, with a tight range of 0.0431 MZN (High: 17.5466 / Low: 17.5034).

January Spread (Volatile) ±0.6746

September Spread (Stable) ±0.0431

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 August and September, when the average rate fell by 0.0256 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0256

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 17.5593) against the same month in 2023 (average: 17.5225), the exchange rate shifted by +0.0368 (+0.21%).

2024 Avg (August) 17.5593

2023 Avg (August) 17.5225

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	17.5563	16.8817	17.5105
February	17.5525	17.3452	17.5322
March	17.6046	17.4938	17.5461
April	17.6091	17.4624	17.5598
May	17.6134	17.4771	17.5387
June	17.5637	17.4100	17.5334
July	17.5568	17.4840	17.5329
August	17.6693	17.5063	17.5593
September	17.5466	17.5034	17.5337
October	17.5525	17.4538	17.5283
November	17.5660	17.4760	17.5442
December	17.5797	17.4858	17.5300