2023 MZN to PHP Historical Review

YEARLY HIGH

0.8969 PHP

YEARLY LOW

0.8398 PHP

YEARLY AVERAGE

0.8707 PHP

2023 MZN to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MZN to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on September 26, valuing the pair at 0.8969. Conversely, the yearly low was recorded on February 5, dropping to 0.8398.

This high-to-low spread represents a total annual volatility of 0.0571 PHP. From a start-to-finish perspective, comparing the January average rate of 0.8599 to the December average rate of 0.8692, the exchange rate registered a net change of 1.08% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.8969 was down 3.24% compared to the 2022 peak of 0.9269, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,484 PHP

2022 Average 4,267 PHP

Yearly Trough Low 4,199 PHP

Transaction Impact: A difference of 285.32 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.8923

0.8535

JanuMarcMayJulySeptNove

MZN to PHP 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 0.8645, compared to 0.8770 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0126 points.

H1 Avg (Jan–Jun) 0.8645

H2 Avg (Jul–Dec) 0.8770

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.0318 PHP (High: 0.8812 / Low: 0.8494). On the other end, October was the most stable month, with a tight range of 0.0076 PHP (High: 0.8934 / Low: 0.8858).

April Spread (Volatile) ±0.0318

October Spread (Stable) ±0.0076

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 October and November, when the average rate fell by 0.0168 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0168

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2023: 0.8889) against the same month in 2022 (average: 0.9024), the exchange rate shifted by -0.0135 (-1.50%).

2023 Avg (September) 0.8889

2022 Avg (September) 0.9024

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8759	0.8511	0.8599
February	0.8689	0.8398	0.8584
March	0.8689	0.8471	0.8567
April	0.8812	0.8494	0.8650
May	0.8824	0.8660	0.8731
June	0.8800	0.8632	0.8735
July	0.8788	0.8508	0.8609
August	0.8904	0.8610	0.8818
September	0.8969	0.8864	0.8889
October	0.8934	0.8858	0.8891
November	0.8870	0.8636	0.8723
December	0.8745	0.8655	0.8692

2023 இந்திய ரூபாய் முதல் பவுண்ட் வரையிலான வரலாற்று ஆய்வு