2019 TOP to MZN Historical Review

YEARLY HIGH

29.1599 MZN

YEARLY LOW

25.0947 MZN

YEARLY AVERAGE

27.3164 MZN

2019 TOP to MZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the TOP to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on April 1, valuing the pair at 29.1599. Conversely, the yearly low was recorded on August 11, dropping to 25.0947.

This high-to-low spread represents a total annual volatility of 4.0652 MZN. From a start-to-finish perspective, comparing the January average rate of 27.1780 to the December average rate of 27.4425, the exchange rate registered a net change of 0.97% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 29.1599 was up 3.88% compared to the 2018 peak of 28.0708, 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 145,799 MZN

2018 Average 132,576 MZN

Yearly Trough Low 125,473 MZN

Transaction Impact: A difference of 20,326.13 MZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

28.6541

26.0769

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 27.6622, compared to 26.9705 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.6917 points.

H1 Avg (Jan–Jun) 27.6622

H2 Avg (Jul–Dec) 26.9705

Volatility Range Comparison

Volatility

The most volatile month in 2019 was August, with a trading range of 1.7642 MZN (High: 26.8589 / Low: 25.0947). On the other end, June was the most stable month, with a tight range of 0.4612 MZN (High: 27.3866 / Low: 26.9254).

August Spread (Volatile) ±1.7642

June Spread (Stable) ±0.4612

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 July and August, when the average rate fell by 0.9664 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.9664

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2019: 28.4393) against the same month in 2018 (average: 27.2888), the exchange rate shifted by +1.1505 (+4.22%).

2019 Avg (April) 28.4393

2018 Avg (April) 27.2888

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	27.5056	26.8328	27.1780
February	29.0116	27.3667	27.6536
March	28.3611	27.6215	27.8327
April	29.1599	28.1405	28.4393
May	28.3876	27.1150	27.6959
June	27.3866	26.9254	27.1736
July	27.4105	26.7809	27.2580
August	26.8589	25.0947	26.2917
September	26.9703	26.3375	26.6337
October	27.0906	26.5779	26.8019
November	27.6619	27.0906	27.3953
December	27.7918	26.8283	27.4425