2023 AOA to MWK Historical Review

YEARLY HIGH

2.0743 MWK

YEARLY LOW

1.2332 MWK

YEARLY AVERAGE

1.7129 MWK

2023 AOA to MWK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the AOA to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on March 13, valuing the pair at 2.0743. Conversely, the yearly low was recorded on June 28, dropping to 1.2332.

This high-to-low spread represents a total annual volatility of 0.8411 MWK. From a start-to-finish perspective, comparing the January average rate of 2.0309 to the December average rate of 2.0271, the exchange rate registered a net change of -0.19% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.0743 was down 13.73% compared to the 2022 peak of 2.4044, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 10,372 MWK

2022 Average 10,228 MWK

Yearly Trough Low 6,166 MWK

Transaction Impact: A difference of 4,205.48 MWK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.1083

1.1977

JanuMarcMayJulySeptNove

AOA 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 1.9204, compared to 1.5054 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4150 points.

H1 Avg (Jan–Jun) 1.9204

H2 Avg (Jul–Dec) 1.5054

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.6945 MWK (High: 2.0351 / Low: 1.3406). On the other end, July was the most stable month, with a tight range of 0.0146 MWK (High: 1.2790 / Low: 1.2644).

November Spread (Volatile) ±0.6945

July Spread (Stable) ±0.0146

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.4623 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.4623

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 2.0295) against the same month in 2022 (average: 1.7415), the exchange rate shifted by +0.2881 (+16.54%).

2023 Avg (March) 2.0295

2022 Avg (March) 1.7415

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.0400	2.0117	2.0309
February	2.0543	2.0084	2.0324
March	2.0743	1.9937	2.0295
April	2.0297	1.9965	2.0182
May	2.0176	1.7556	1.9369
June	1.7404	1.2332	1.4746
July	1.2790	1.2644	1.2736
August	1.3228	1.2640	1.3021
September	1.3394	1.2687	1.3097
October	1.4051	1.3066	1.3862
November	2.0351	1.3406	1.7339
December	2.0376	2.0214	2.0271