2023 AFN to MWK Historical Review

YEARLY HIGH

24.3802 MWK

YEARLY LOW

11.2230 MWK

YEARLY AVERAGE

14.0313 MWK

2023 AFN to MWK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the AFN to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 22, valuing the pair at 24.3802. Conversely, the yearly low was recorded on April 18, dropping to 11.2230.

This high-to-low spread represents a total annual volatility of 13.1573 MWK. From a start-to-finish perspective, comparing the January average rate of 11.5154 to the December average rate of 24.0816, the exchange rate registered a net change of 109.13% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 24.3802 was up 102.97% compared to the 2022 peak of 12.0115, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 121,901 MWK

2022 Average 52,106 MWK

Yearly Trough Low 56,115 MWK

Transaction Impact: A difference of 65,786.43 MWK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

25.3449

10.1850

JanuMarcMayJulySeptNove

AFN to MWK 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 11.6747, compared to 16.3879 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 4.7131 points.

H1 Avg (Jan–Jun) 11.6747

H2 Avg (Jul–Dec) 16.3879

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 9.4175 MWK (High: 24.3802 / Low: 14.9627). On the other end, May was the most stable month, with a tight range of 0.3417 MWK (High: 11.8996 / Low: 11.5579).

November Spread (Volatile) ±9.4175

May Spread (Stable) ±0.3417

Growth Streaks & Declines

Trends

Between May and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.1055 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.1055

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 20.2514) against the same month in 2022 (average: 11.6534), the exchange rate shifted by +8.5980 (+73.78%).

2023 Avg (November) 20.2514

2022 Avg (November) 11.6534

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11.6945	11.3401	11.5154
February	11.7010	11.2689	11.4483
March	11.9732	11.3827	11.7217
April	12.0418	11.2230	11.8252
May	11.8996	11.5579	11.7197
June	12.1931	11.6541	11.8180
July	12.3329	11.9617	12.1377
August	13.2337	12.1387	12.7408
September	14.5684	13.2335	13.9192
October	15.5688	13.7959	15.1964
November	24.3802	14.9627	20.2514
December	24.3148	23.7778	24.0816