2023 BGN to MWK Historical Review

YEARLY HIGH

955.4493 MWK

YEARLY LOW

548.6225 MWK

YEARLY AVERAGE

628.7040 MWK

2023 BGN to MWK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BGN to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 955.4493. Conversely, the yearly low was recorded on March 8, dropping to 548.6225.

This high-to-low spread represents a total annual volatility of 406.8268 MWK. From a start-to-finish perspective, comparing the January average rate of 564.1399 to the December average rate of 940.4854, the exchange rate registered a net change of 66.71% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 955.4493 was up 70.20% compared to the 2022 peak of 561.3562, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,777,247 MWK

2022 Average 2,503,899 MWK

Yearly Trough Low 2,743,113 MWK

Transaction Impact: A difference of 2,034,133.95 MWK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

978.3940

523.4906

JanuMarcMayJulySeptNove

BGN 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 566.7400, compared to 690.6679 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 123.9278 points.

H1 Avg (Jan–Jun) 566.7400

H2 Avg (Jul–Dec) 690.6679

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 337.5894 MWK (High: 945.9898 / Low: 608.4003). On the other end, April was the most stable month, with a tight range of 11.5814 MWK (High: 580.6347 / Low: 569.0533).

November Spread (Volatile) ±337.5894

April Spread (Stable) ±11.5814

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 7.7268 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -7.7268

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 940.4854) against the same month in 2022 (average: 554.6183), the exchange rate shifted by +385.8671 (+69.57%).

2023 Avg (December) 940.4854

2022 Avg (December) 554.6183

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	571.6086	551.7899	564.1399
February	572.5784	553.8023	561.3992
March	576.1314	548.6225	562.3376
April	580.6347	569.0533	574.7798
May	580.4387	560.0204	569.6810
June	586.5929	557.6543	568.1026
July	605.0741	583.9377	594.4358
August	610.0323	587.4330	599.7644
September	606.9029	575.2431	592.0376
October	629.4836	579.8158	619.8635
November	945.9898	608.4003	797.4206
December	955.4493	926.6526	940.4854