2022 TOP to MZN Historical Review

YEARLY HIGH

28.4198 MZN

YEARLY LOW

26.0013 MZN

YEARLY AVERAGE

27.4181 MZN

2022 TOP to MZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the TOP to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on April 5, valuing the pair at 28.4198. Conversely, the yearly low was recorded on October 18, dropping to 26.0013.

This high-to-low spread represents a total annual volatility of 2.4185 MZN. From a start-to-finish perspective, comparing the January average rate of 28.0570 to the December average rate of 27.2244, the exchange rate registered a net change of -2.97% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2022 high of 28.4198 was down 14.04% compared to the 2021 peak of 33.0624, 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 142,099 MZN

2021 Average 144,608 MZN

Yearly Trough Low 130,006 MZN

Transaction Impact: A difference of 12,092.47 MZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

28.3953

26.0360

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 27.9177, compared to 26.9186 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.9991 points.

H1 Avg (Jan–Jun) 27.9177

H2 Avg (Jul–Dec) 26.9186

Volatility Range Comparison

Volatility

The most volatile month in 2022 was September, with a trading range of 0.8358 MZN (High: 27.0800 / Low: 26.2443). On the other end, January was the most stable month, with a tight range of 0.2044 MZN (High: 28.1496 / Low: 27.9452).

September Spread (Volatile) ±0.8358

January Spread (Stable) ±0.2044

Growth Streaks & Declines

Trends

Between January and March, 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 April and May, when the average rate fell by 0.6420 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.6420

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2022: 28.1350) against the same month in 2021 (average: 26.3373), the exchange rate shifted by +1.7977 (+6.83%).

2022 Avg (April) 28.1350

2021 Avg (April) 26.3373

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	28.1496	27.9452	28.0570
February	28.3256	27.9017	28.1584
March	28.3959	27.9846	28.1987
April	28.4198	27.6100	28.1350
May	27.7962	27.1947	27.4930
June	27.7810	27.1585	27.4640
July	27.3335	26.9864	27.1629
August	27.5682	27.1012	27.3164
September	27.0800	26.2443	26.8030
October	26.4731	26.0013	26.2326
November	27.1055	26.2917	26.7722
December	27.4400	27.0610	27.2244