2014 TOP to MZN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2014.
2014 TOP to MZN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2014
During 2014, the TOP to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 26, valuing the pair at 17.4089. Conversely, the yearly low was recorded on November 11, dropping to 15.4127.
This high-to-low spread represents a total annual volatility of 1.9962 MZN. From a start-to-finish perspective, comparing the January average rate of 16.2204 to the December average rate of 16.8618, the exchange rate registered a net change of 3.95% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2014 high of 17.4089 was down 1.58% compared to the 2013 peak of 17.6885, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 TOP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2014.
TOP to MZN Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 16.8633, compared to 16.2818 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.5815 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2014 was December, with a trading range of 1.2376 MZN (High: 17.2731 / Low: 16.0356). On the other end, October was the most stable month, with a tight range of 0.3040 MZN (High: 16.0144 / Low: 15.7103).
Growth Streaks & Declines
TrendsBetween January and March, 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 July and August, when the average rate fell by 0.4814 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2014: 16.9293) against the same month in 2013 (average: 17.4074), the exchange rate shifted by -0.4780 (-2.75%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 16.5778 | 15.9844 | 16.2204 |
| February | 17.4089 | 16.3601 | 16.9293 |
| March | 17.3701 | 16.8129 | 17.0618 |
| April | 17.3972 | 16.6370 | 17.0443 |
| May | 17.3223 | 16.7709 | 16.9707 |
| June | 17.0851 | 16.7655 | 16.9533 |
| July | 17.3284 | 16.3633 | 16.8322 |
| August | 16.6392 | 16.1002 | 16.3508 |
| September | 16.4689 | 15.6437 | 16.0452 |
| October | 16.0144 | 15.7103 | 15.8466 |
| November | 16.1936 | 15.4127 | 15.7541 |
| December | 17.2731 | 16.0356 | 16.8618 |