2015 TOP to MZN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2015.
2015 TOP to MZN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2015
During 2015, the TOP to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 7, valuing the pair at 22.9801. Conversely, the yearly low was recorded on January 22, dropping to 16.2272.
This high-to-low spread represents a total annual volatility of 6.7529 MZN. From a start-to-finish perspective, comparing the January average rate of 16.5215 to the December average rate of 21.5892, the exchange rate registered a net change of 30.67% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2015 high of 22.9801 was up 32.00% compared to the 2014 peak of 17.4089, 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 2015.
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 17.3253, compared to 19.2171 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.8918 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2015 was December, with a trading range of 3.5101 MZN (High: 22.9801 / Low: 19.4700). On the other end, October was the most stable month, with a tight range of 0.5471 MZN (High: 19.4072 / Low: 18.8602).
Growth Streaks & Declines
TrendsBetween January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.2915 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2015: 21.5892) against the same month in 2014 (average: 16.8618), the exchange rate shifted by +4.7275 (+28.04%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 17.0922 | 16.2272 | 16.5215 |
| February | 17.0720 | 16.3661 | 16.8148 |
| March | 18.0334 | 16.7732 | 17.1475 |
| April | 18.1578 | 17.2848 | 17.6402 |
| May | 18.3889 | 17.2583 | 17.7515 |
| June | 18.4510 | 17.7316 | 18.0765 |
| July | 18.1935 | 17.1528 | 17.7850 |
| August | 18.4945 | 17.1512 | 17.6372 |
| September | 20.0191 | 18.1235 | 19.2940 |
| October | 19.4072 | 18.8602 | 19.0698 |
| November | 20.6211 | 19.1761 | 19.9274 |
| December | 22.9801 | 19.4700 | 21.5892 |