2023 XDR to MZN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 XDR to MZN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the XDR to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on April 30, valuing the pair at 87.4149. Conversely, the yearly low was recorded on October 1, dropping to 83.3470.
This high-to-low spread represents a total annual volatility of 4.0679 MZN. From a start-to-finish perspective, comparing the January average rate of 85.8277 to the December average rate of 85.1887, the exchange rate registered a net change of -0.74% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 87.4149 was down 3.11% compared to the 2022 peak of 90.2207, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 XDR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
XDR 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 85.6712, compared to 84.8236 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.8476 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was July, with a trading range of 2.2394 MZN (High: 86.4884 / Low: 84.2490). On the other end, October was the most stable month, with a tight range of 1.0556 MZN (High: 84.4026 / Low: 83.3470).
Growth Streaks & Declines
TrendsBetween 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 August and September, when the average rate fell by 0.7807 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2023: 86.2120) against the same month in 2022 (average: 88.3869), the exchange rate shifted by -2.1749 (-2.46%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 86.3746 | 84.7003 | 85.8277 |
| February | 86.7348 | 84.8323 | 85.5895 |
| March | 86.0125 | 84.6416 | 85.2420 |
| April | 87.4149 | 85.8459 | 86.2120 |
| May | 86.5051 | 85.0432 | 85.8839 |
| June | 86.2495 | 84.7667 | 85.2719 |
| July | 86.4884 | 84.2490 | 85.7107 |
| August | 86.4194 | 84.6296 | 85.2462 |
| September | 85.1287 | 83.5759 | 84.4655 |
| October | 84.4026 | 83.3470 | 83.8703 |
| November | 85.3545 | 83.7697 | 84.4600 |
| December | 85.7551 | 84.3535 | 85.1887 |