2023 TWD to MZN Historical Review

YEARLY HIGH

2.1505 MZN

YEARLY LOW

1.9653 MZN

YEARLY AVERAGE

2.0519 MZN

2023 TWD to MZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TWD to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 2, valuing the pair at 2.1505. Conversely, the yearly low was recorded on October 29, dropping to 1.9653.

This high-to-low spread represents a total annual volatility of 0.1852 MZN. From a start-to-finish perspective, comparing the January average rate of 2.1021 to the December average rate of 2.0466, the exchange rate registered a net change of -2.64% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.1505 was down 7.55% compared to the 2022 peak of 2.3262, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 TWD based on timing:

Yearly Peak High 10,753 MZN

2022 Average 10,743 MZN

Yearly Trough Low 9,826 MZN

Transaction Impact: A difference of 926.16 MZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.1242

1.9650

JanuMarcMayJulySeptNove

TWD 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 2.0913, compared to 2.0125 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0789 points.

H1 Avg (Jan–Jun) 2.0913

H2 Avg (Jul–Dec) 2.0125

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0685 MZN (High: 2.0412 / Low: 1.9727). On the other end, May was the most stable month, with a tight range of 0.0173 MZN (High: 2.0887 / Low: 2.0714).

November Spread (Volatile) ±0.0685

May Spread (Stable) ±0.0173

Growth Streaks & Declines

Trends

Between October and December, 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 July and August, when the average rate fell by 0.0382 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0382

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 2.1110) against the same month in 2022 (average: 2.2909), the exchange rate shifted by -0.1799 (-7.85%).

2023 Avg (February) 2.1110

2022 Avg (February) 2.2909

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.1251	2.0775	2.1021
February	2.1505	2.0827	2.1110
March	2.1057	2.0714	2.0910
April	2.1019	2.0757	2.0902
May	2.0887	2.0714	2.0803
June	2.0883	2.0498	2.0734
July	2.0709	2.0213	2.0451
August	2.0179	1.9966	2.0069
September	2.0042	1.9809	1.9951
October	1.9930	1.9653	1.9783
November	2.0412	1.9727	2.0029
December	2.0825	2.0258	2.0466