2023 SAR to MZN Historical Review

YEARLY HIGH

17.0926 MZN

YEARLY LOW

16.8950 MZN

YEARLY AVERAGE

17.0250 MZN

2023 SAR to MZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SAR to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on November 5, valuing the pair at 17.0926. Conversely, the yearly low was recorded on July 5, dropping to 16.8950.

This high-to-low spread represents a total annual volatility of 0.1976 MZN. From a start-to-finish perspective, comparing the January average rate of 17.0077 to the December average rate of 17.0292, the exchange rate registered a net change of 0.13% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 17.0926 was up 0.29% compared to the 2022 peak of 17.0433, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 85,463 MZN

2022 Average 85,042 MZN

Yearly Trough Low 84,475 MZN

Transaction Impact: A difference of 987.93 MZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

17.0381

17.0016

JanuMarcMayJulySeptNove

SAR 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 17.0248, compared to 17.0252 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0004 points.

H1 Avg (Jan–Jun) 17.0248

H2 Avg (Jul–Dec) 17.0252

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.1461 MZN (High: 17.0411 / Low: 16.8950). On the other end, June was the most stable month, with a tight range of 0.0221 MZN (High: 17.0449 / Low: 17.0228).

July Spread (Volatile) ±0.1461

June Spread (Stable) ±0.0221

Growth Streaks & Declines

Trends

Between March and June, 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 June and July, when the average rate fell by 0.0303 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0303

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 17.0331) against the same month in 2022 (average: 16.9928), the exchange rate shifted by +0.0403 (+0.24%).

2023 Avg (November) 17.0331

2022 Avg (November) 16.9928

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	17.0358	16.9773	17.0077
February	17.0628	17.0128	17.0340
March	17.0304	16.9944	17.0137
April	17.0393	17.0162	17.0278
May	17.0403	16.9983	17.0306
June	17.0449	17.0228	17.0350
July	17.0411	16.8950	17.0047
August	17.0485	16.9952	17.0226
September	17.0636	17.0170	17.0346
October	17.0630	16.9757	17.0268
November	17.0926	17.0216	17.0331
December	17.0412	16.9818	17.0292