2023 WST to MZN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 WST to MZN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the WST to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 21, valuing the pair at 23.7252. Conversely, the yearly low was recorded on October 29, dropping to 22.7964.
This high-to-low spread represents a total annual volatility of 0.9288 MZN. From a start-to-finish perspective, comparing the January average rate of 23.6825 to the December average rate of 22.8131, the exchange rate registered a net change of -3.67% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 23.7252 was down 4.16% compared to the 2022 peak of 24.7544, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 WST based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
WST 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 23.5595, compared to 23.2089 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3507 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was October, with a trading range of 0.7092 MZN (High: 23.5056 / Low: 22.7964). On the other end, December was the most stable month, with a tight range of 0.0179 MZN (High: 22.8214 / Low: 22.8036).
Growth Streaks & Declines
TrendsBetween July and September, 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 0.4153 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2023: 23.6895) against the same month in 2022 (average: 24.3726), the exchange rate shifted by -0.6831 (-2.80%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 23.7067 | 23.6696 | 23.6825 |
| February | 23.7252 | 23.6696 | 23.6895 |
| March | 23.6882 | 23.4452 | 23.6741 |
| April | 23.4452 | 23.4268 | 23.4354 |
| May | 23.4452 | 23.3901 | 23.4345 |
| June | 23.4543 | 23.4268 | 23.4411 |
| July | 23.4452 | 23.2434 | 23.4093 |
| August | 23.4964 | 23.4559 | 23.4886 |
| September | 23.5240 | 23.4799 | 23.5019 |
| October | 23.5056 | 22.7964 | 23.2278 |
| November | 22.8214 | 22.8036 | 22.8125 |
| December | 22.8214 | 22.8036 | 22.8131 |