2020 TOP to MZN Historical Review

YEARLY HIGH

32.9199 MZN

YEARLY LOW

26.9066 MZN

YEARLY AVERAGE

30.1696 MZN

2020 TOP to MZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the TOP to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 32.9199. Conversely, the yearly low was recorded on January 1, dropping to 26.9066.

This high-to-low spread represents a total annual volatility of 6.0133 MZN. From a start-to-finish perspective, comparing the January average rate of 27.2347 to the December average rate of 32.6133, the exchange rate registered a net change of 19.75% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 32.9199 was up 12.89% compared to the 2019 peak of 29.1599, 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 164,599 MZN

2019 Average 136,563 MZN

Yearly Trough Low 134,533 MZN

Transaction Impact: A difference of 30,066.50 MZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

33.1512

26.6968

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 28.7300, compared to 31.6093 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.8793 points.

H1 Avg (Jan–Jun) 28.7300

H2 Avg (Jul–Dec) 31.6093

Volatility Range Comparison

Volatility

The most volatile month in 2020 was April, with a trading range of 1.0516 MZN (High: 29.3921 / Low: 28.3405). On the other end, October was the most stable month, with a tight range of 0.2973 MZN (High: 31.6298 / Low: 31.3324).

April Spread (Volatile) ±1.0516

October Spread (Stable) ±0.2973

Growth Streaks & Declines

Trends

Between January and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0563 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0563

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 32.6133) against the same month in 2019 (average: 27.4425), the exchange rate shifted by +5.1708 (+18.84%).

2020 Avg (December) 32.6133

2019 Avg (December) 27.4425

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	27.6397	26.9066	27.2347
February	28.1630	27.4675	27.8178
March	28.4824	27.6547	28.1215
April	29.3921	28.3405	28.7895
May	30.2972	29.2779	29.6878
June	30.9646	30.3198	30.7286
July	31.1755	30.6376	30.8900
August	31.5902	31.0709	31.2138
September	31.7203	31.1652	31.4832
October	31.6298	31.3324	31.4269
November	32.4566	31.4233	32.0285
December	32.9199	32.3005	32.6133