2021 TOP to MZN Historical Review

YEARLY HIGH

33.0624 MZN

YEARLY LOW

24.3198 MZN

YEARLY AVERAGE

28.9397 MZN

2021 TOP to MZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the TOP to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 7, valuing the pair at 33.0624. Conversely, the yearly low was recorded on April 15, dropping to 24.3198.

This high-to-low spread represents a total annual volatility of 8.7427 MZN. From a start-to-finish perspective, comparing the January average rate of 32.8550 to the December average rate of 27.9541, the exchange rate registered a net change of -14.92% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 33.0624 was up 0.43% compared to the 2020 peak of 32.9199, 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 165,312 MZN

2020 Average 150,880 MZN

Yearly Trough Low 121,599 MZN

Transaction Impact: A difference of 43,713.34 MZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

33.5134

25.6121

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 29.6807, compared to 28.1988 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.4819 points.

H1 Avg (Jan–Jun) 29.6807

H2 Avg (Jul–Dec) 28.1988

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 5.0235 MZN (High: 29.3433 / Low: 24.3198). On the other end, July was the most stable month, with a tight range of 0.1885 MZN (High: 28.2528 / Low: 28.0643).

April Spread (Volatile) ±5.0235

July Spread (Stable) ±0.1885

Growth Streaks & Declines

Trends

Between May and July, 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 March and April, when the average rate fell by 5.5630 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -5.5630

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2021: 32.8550) against the same month in 2020 (average: 27.2347), the exchange rate shifted by +5.6203 (+20.64%).

2021 Avg (January) 32.8550

2020 Avg (January) 27.2347

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	33.0624	32.7191	32.8550
February	32.9804	32.6235	32.7466
March	32.7323	29.9621	31.9003
April	29.3433	24.3198	26.3373
May	27.3207	25.4000	26.2706
June	28.2414	27.4931	27.9745
July	28.2528	28.0643	28.1577
August	28.2566	27.8802	28.1322
September	28.4841	28.0258	28.3322
October	28.5977	28.0885	28.3372
November	28.5587	27.9324	28.2792
December	28.1235	27.8172	27.9541