2024 TOP to MZN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 TOP to MZN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the TOP to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 27.4174. Conversely, the yearly low was recorded on January 22, dropping to 25.9991.
This high-to-low spread represents a total annual volatility of 1.4183 MZN. From a start-to-finish perspective, comparing the January average rate of 27.0837 to the December average rate of 26.6686, the exchange rate registered a net change of -1.53% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 27.4174 was down 0.82% compared to the 2023 peak of 27.6447, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 TOP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
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)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 26.9889, compared to 26.9511 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0379 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was January, with a trading range of 1.4183 MZN (High: 27.4174 / Low: 25.9991). On the other end, December was the most stable month, with a tight range of 0.0334 MZN (High: 26.6900 / Low: 26.6566).
Growth Streaks & Declines
TrendsBetween April and June, 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 October and November, when the average rate fell by 0.3157 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 27.0837) against the same month in 2023 (average: 27.4245), the exchange rate shifted by -0.3408 (-1.24%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 27.4174 | 25.9991 | 27.0837 |
| February | 27.0742 | 26.6837 | 26.9793 |
| March | 27.1309 | 26.8630 | 26.9794 |
| April | 26.9858 | 26.4825 | 26.8276 |
| May | 27.1084 | 26.7767 | 26.9808 |
| June | 27.1720 | 27.0062 | 27.0828 |
| July | 27.1465 | 26.7616 | 27.0000 |
| August | 27.3278 | 26.8017 | 27.0255 |
| September | 27.3730 | 27.1205 | 27.2393 |
| October | 27.3752 | 26.8062 | 27.0443 |
| November | 26.8504 | 26.5845 | 26.7286 |
| December | 26.6900 | 26.6566 | 26.6686 |