2024 RON to MZN Historical Review

YEARLY HIGH

14.3721 MZN

YEARLY LOW

13.2794 MZN

YEARLY AVERAGE

13.8950 MZN

2024 RON to MZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the RON to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 23, valuing the pair at 14.3721. Conversely, the yearly low was recorded on December 31, dropping to 13.2794.

This high-to-low spread represents a total annual volatility of 1.0928 MZN. From a start-to-finish perspective, comparing the January average rate of 13.9895 to the December average rate of 13.4428, the exchange rate registered a net change of -3.91% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 14.3721 was down 1.09% compared to the 2023 peak of 14.5309, 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 71,861 MZN

2023 Average 69,836 MZN

Yearly Trough Low 66,397 MZN

Transaction Impact: A difference of 5,463.90 MZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

14.3449

13.3608

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 13.8843, compared to 13.9056 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0213 points.

H1 Avg (Jan–Jun) 13.8843

H2 Avg (Jul–Dec) 13.9056

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 0.7459 MZN (High: 14.1849 / Low: 13.4390). On the other end, May was the most stable month, with a tight range of 0.2039 MZN (High: 13.9764 / Low: 13.7725).

January Spread (Volatile) ±0.7459

May Spread (Stable) ±0.2039

Growth Streaks & Declines

Trends

Between June and September, 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 October and November, when the average rate fell by 0.3494 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.3494

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 14.1502) against the same month in 2023 (average: 14.0948), the exchange rate shifted by +0.0555 (+0.39%).

2024 Avg (August) 14.1502

2023 Avg (August) 14.0948

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	14.1849	13.4390	13.9895
February	13.9712	13.7496	13.8603
March	14.0823	13.8702	13.9701
April	13.9824	13.6413	13.7869
May	13.9764	13.7725	13.8849
June	14.0018	13.7020	13.8143
July	14.0537	13.7801	13.9425
August	14.3721	13.8540	14.1502
September	14.3603	14.1342	14.2629
October	14.2047	13.8492	13.9924
November	14.0385	13.3722	13.6429
December	13.5900	13.2794	13.4428