YEARLY HIGH
360.2839 STD
YEARLY LOW
348.4253 STD
YEARLY AVERAGE
353.7201 STD

2023 MZN to STD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MZN to STD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 5, valuing the pair at 360.2839. Conversely, the yearly low was recorded on September 20, dropping to 348.4253.

This high-to-low spread represents a total annual volatility of 11.8586 STD. From a start-to-finish perspective, comparing the January average rate of 357.2685 to the December average rate of 348.8257, the exchange rate registered a net change of -2.36% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 360.2839 was down 2.79% compared to the 2022 peak of 370.6429, 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 1,801,420 STD
2022 Average 1,735,832 STD
Yearly Trough Low 1,742,127 STD
Transaction Impact: A difference of 59,293.07 STD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

358.2046
347.8944
JanuMarcMayJulySeptNove

MZN to STD 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 357.2718, compared to 350.1684 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 7.1034 points.

H1 Avg (Jan–Jun) 357.2718
H2 Avg (Jul–Dec) 350.1684

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 10.6284 STD (High: 360.2839 / Low: 349.6555). On the other end, December was the most stable month, with a tight range of 0.2730 STD (High: 348.9710 / Low: 348.6980).

July Spread (Volatile) ±10.6284
December Spread (Stable) ±0.2730

Growth Streaks & Declines

Trends

Between February and May, 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 July and August, when the average rate fell by 7.8025 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -7.8025

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 356.7531) against the same month in 2022 (average: 348.8974), the exchange rate shifted by +7.8558 (+2.25%).

2023 Avg (July) 356.7531
2022 Avg (July) 348.8974

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 357.4626 356.9037 357.2685
February 357.4626 356.6248 357.1632
March 357.4626 357.1830 357.2767
April 357.4626 357.1830 357.3321
May 358.0233 357.1830 357.3455
June 357.4626 357.0433 357.2445
July 360.2839 349.6555 356.7531
August 349.4362 348.8344 348.9506
September 349.0804 348.4253 348.7535
October 349.7927 348.6980 348.8927
November 348.9710 348.6980 348.8345
December 348.9710 348.6980 348.8257