2023 RON to MZN Historical Review

YEARLY HIGH

14.5309 MZN

YEARLY LOW

13.4461 MZN

YEARLY AVERAGE

13.9667 MZN

2023 RON to MZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RON to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on July 14, valuing the pair at 14.5309. Conversely, the yearly low was recorded on October 3, dropping to 13.4461.

This high-to-low spread represents a total annual volatility of 1.0848 MZN. From a start-to-finish perspective, comparing the January average rate of 13.9872 to the December average rate of 14.0353, the exchange rate registered a net change of 0.34% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 14.5309 was down 1.79% compared to the 2022 peak of 14.7964, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 72,655 MZN

2022 Average 68,240 MZN

Yearly Trough Low 67,231 MZN

Transaction Impact: A difference of 5,423.99 MZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

14.3432

13.5148

JanuMarcMayJulySeptNove

RON 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 13.9954, compared to 13.9379 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0576 points.

H1 Avg (Jan–Jun) 13.9954

H2 Avg (Jul–Dec) 13.9379

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.6496 MZN (High: 14.3351 / Low: 13.6854). On the other end, October was the most stable month, with a tight range of 0.2621 MZN (High: 13.7082 / Low: 13.4461).

February Spread (Volatile) ±0.6496

October Spread (Stable) ±0.2621

Growth Streaks & Declines

Trends

Between October and December, 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 August and September, when the average rate fell by 0.3593 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.3593

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 14.2741) against the same month in 2022 (average: 13.1839), the exchange rate shifted by +1.0902 (+8.27%).

2023 Avg (July) 14.2741

2022 Avg (July) 13.1839

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	14.2752	13.6352	13.9872
February	14.3351	13.6854	13.9321
March	14.1139	13.6935	13.8847
April	14.3220	13.9574	14.1827
May	14.3508	13.7745	14.0217
June	14.1471	13.7662	13.9643
July	14.5309	13.8938	14.2741
August	14.2304	13.9647	14.0948
September	13.9273	13.4938	13.7355
October	13.7082	13.4461	13.5838
November	14.1385	13.6131	13.9038
December	14.2573	13.8239	14.0353