2023 TRY to MZN Historical Review

YEARLY HIGH

3.4160 MZN

YEARLY LOW

2.1619 MZN

YEARLY AVERAGE

2.7713 MZN

2023 TRY to MZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TRY to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 3.4160. Conversely, the yearly low was recorded on December 28, dropping to 2.1619.

This high-to-low spread represents a total annual volatility of 1.2541 MZN. From a start-to-finish perspective, comparing the January average rate of 3.4016 to the December average rate of 2.1951, the exchange rate registered a net change of -35.47% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 3.4160 was down 30.17% compared to the 2022 peak of 4.8921, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 TRY based on timing:

Yearly Peak High 170,801 MZN

2022 Average 195,431 MZN

Yearly Trough Low 108,096 MZN

Transaction Impact: A difference of 62,705.92 MZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

3.5222

2.0745

JanuMarcMayJulySeptNove

TRY 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 3.2323, compared to 2.3103 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.9220 points.

H1 Avg (Jan–Jun) 3.2323

H2 Avg (Jul–Dec) 2.3103

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.6079 MZN (High: 3.0573 / Low: 2.4494). On the other end, February was the most stable month, with a tight range of 0.0125 MZN (High: 3.3956 / Low: 3.3831).

June Spread (Volatile) ±0.6079

February Spread (Stable) ±0.0125

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.5247 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.5247

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 3.4016) against the same month in 2022 (average: 4.7193), the exchange rate shifted by -1.3177 (-27.92%).

2023 Avg (January) 3.4016

2022 Avg (January) 4.7193

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	3.4160	3.3939	3.4016
February	3.3956	3.3831	3.3902
March	3.3945	3.3315	3.3622
April	3.3319	3.2822	3.3022
May	3.2834	3.0783	3.2311
June	3.0573	2.4494	2.7063
July	2.4810	2.3628	2.4098
August	2.4653	2.3474	2.3725
September	2.3906	2.3249	2.3655
October	2.3246	2.2567	2.2901
November	2.2557	2.2066	2.2286
December	2.2102	2.1619	2.1951