2023 ZAR to MOP Historical Review

YEARLY HIGH

0.4803 MOP

YEARLY LOW

0.4077 MOP

YEARLY AVERAGE

0.4374 MOP

2023 ZAR to MOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ZAR to MOP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 12, valuing the pair at 0.4803. Conversely, the yearly low was recorded on May 25, dropping to 0.4077.

This high-to-low spread represents a total annual volatility of 0.0726 MOP. From a start-to-finish perspective, comparing the January average rate of 0.4717 to the December average rate of 0.4331, the exchange rate registered a net change of -8.17% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4803 was down 13.63% compared to the 2022 peak of 0.5561, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 24,016 MOP

2022 Average 24,734 MOP

Yearly Trough Low 20,384 MOP

Transaction Impact: A difference of 3,632.07 MOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4766

0.4179

JanuMarcMayJulySeptNove

ZAR to MOP 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 0.4438, compared to 0.4310 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0128 points.

H1 Avg (Jan–Jun) 0.4438

H2 Avg (Jul–Dec) 0.4310

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0368 MOP (High: 0.4585 / Low: 0.4217). On the other end, September was the most stable month, with a tight range of 0.0096 MOP (High: 0.4295 / Low: 0.4198).

July Spread (Volatile) ±0.0368

September Spread (Stable) ±0.0096

Growth Streaks & Declines

Trends

Between May and July, 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 April and May, when the average rate fell by 0.0219 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0219

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.4717) against the same month in 2022 (average: 0.5178), the exchange rate shifted by -0.0461 (-8.91%).

2023 Avg (January) 0.4717

2022 Avg (January) 0.5178

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4803	0.4638	0.4717
February	0.4738	0.4385	0.4511
March	0.4547	0.4244	0.4419
April	0.4544	0.4361	0.4447
May	0.4418	0.4077	0.4228
June	0.4428	0.4109	0.4307
July	0.4585	0.4217	0.4418
August	0.4394	0.4204	0.4292
September	0.4295	0.4198	0.4252
October	0.4320	0.4121	0.4233
November	0.4424	0.4249	0.4334
December	0.4408	0.4218	0.4331