2018 TOP to MZN Historical Review

YEARLY HIGH

28.0708 MZN

YEARLY LOW

24.9938 MZN

YEARLY AVERAGE

26.5233 MZN

2018 TOP to MZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the TOP to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on March 19, valuing the pair at 28.0708. Conversely, the yearly low was recorded on August 4, dropping to 24.9938.

This high-to-low spread represents a total annual volatility of 3.0770 MZN. From a start-to-finish perspective, comparing the January average rate of 26.2930 to the December average rate of 26.7905, the exchange rate registered a net change of 1.89% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 28.0708 was down 10.50% compared to the 2017 peak of 31.3653, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 140,354 MZN

2017 Average 141,803 MZN

Yearly Trough Low 124,969 MZN

Transaction Impact: A difference of 15,384.95 MZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

28.0726

25.1718

JanuMarcMayJulySeptNove

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)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 26.9312, compared to 26.1153 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.8159 points.

H1 Avg (Jan–Jun) 26.9312

H2 Avg (Jul–Dec) 26.1153

Volatility Range Comparison

Volatility

The most volatile month in 2018 was January, with a trading range of 1.2962 MZN (High: 27.1826 / Low: 25.8864). On the other end, October was the most stable month, with a tight range of 0.1598 MZN (High: 26.3706 / Low: 26.2108).

January Spread (Volatile) ±1.2962

October Spread (Stable) ±0.1598

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.7096 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.7096

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2018: 27.8309) against the same month in 2017 (average: 30.2640), the exchange rate shifted by -2.4331 (-8.04%).

2018 Avg (March) 27.8309

2017 Avg (March) 30.2640

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	27.1826	25.8864	26.2930
February	27.7071	27.2580	27.5182
March	28.0708	27.3460	27.8309
April	27.6914	26.5138	27.2888
May	27.2577	26.1107	26.5792
June	26.3215	25.8030	26.0772
July	25.9404	25.0154	25.4890
August	25.9312	24.9938	25.4135
September	26.3472	25.9312	26.1760
October	26.3706	26.2108	26.2908
November	26.7736	26.3519	26.5321
December	27.3529	26.3388	26.7905