2023 XCD to MZN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 XCD to MZN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the XCD to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 21, valuing the pair at 23.6813. Conversely, the yearly low was recorded on July 6, dropping to 23.4408.
This high-to-low spread represents a total annual volatility of 0.2405 MZN. From a start-to-finish perspective, comparing the January average rate of 23.6387 to the December average rate of 23.6357, the exchange rate registered a net change of -0.01% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 23.6813 was up 0.08% compared to the 2022 peak of 23.6628, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 XCD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
XCD 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 23.6385, compared to 23.6283 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0101 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was July, with a trading range of 0.2035 MZN (High: 23.6443 / Low: 23.4408). On the other end, December was the most stable month, with a tight range of 0.0185 MZN (High: 23.6443 / Low: 23.6258).
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 June and July, when the average rate fell by 0.0400 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2023: 23.6457) against the same month in 2022 (average: 23.6225), the exchange rate shifted by +0.0231 (+0.10%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 23.6628 | 23.6258 | 23.6387 |
| February | 23.6813 | 23.6258 | 23.6457 |
| March | 23.6443 | 23.6258 | 23.6381 |
| April | 23.6443 | 23.6258 | 23.6345 |
| May | 23.6443 | 23.5888 | 23.6336 |
| June | 23.6536 | 23.6258 | 23.6403 |
| July | 23.6443 | 23.4408 | 23.6003 |
| August | 23.6351 | 23.5944 | 23.6272 |
| September | 23.6628 | 23.6184 | 23.6406 |
| October | 23.6443 | 23.5703 | 23.6311 |
| November | 23.6443 | 23.6258 | 23.6351 |
| December | 23.6443 | 23.6258 | 23.6357 |