2023 BIF to MWK Historical Review

YEARLY HIGH

0.5928 MWK

YEARLY LOW

0.3583 MWK

YEARLY AVERAGE

0.4510 MWK

2023 BIF to MWK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BIF to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 16, valuing the pair at 0.5928. Conversely, the yearly low was recorded on June 24, dropping to 0.3583.

This high-to-low spread represents a total annual volatility of 0.2345 MWK. From a start-to-finish perspective, comparing the January average rate of 0.4945 to the December average rate of 0.5909, the exchange rate registered a net change of 19.48% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5928 was up 18.04% compared to the 2022 peak of 0.5022, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,964 MWK

2022 Average 2,284 MWK

Yearly Trough Low 1,791 MWK

Transaction Impact: A difference of 1,172.66 MWK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6138

0.3393

JanuMarcMayJulySeptNove

BIF 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 0.4628, compared to 0.4392 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0236 points.

H1 Avg (Jan–Jun) 0.4628

H2 Avg (Jul–Dec) 0.4392

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.2010 MWK (High: 0.5923 / Low: 0.3913). On the other end, December was the most stable month, with a tight range of 0.0047 MWK (High: 0.5928 / Low: 0.5881).

November Spread (Volatile) ±0.2010

December Spread (Stable) ±0.0047

Growth Streaks & Declines

Trends

Between June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0760 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0760

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.5909) against the same month in 2022 (average: 0.4959), the exchange rate shifted by +0.0950 (+19.16%).

2023 Avg (December) 0.5909

2022 Avg (December) 0.4959

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4986	0.4897	0.4945
February	0.5002	0.4914	0.4950
March	0.5044	0.4892	0.4945
April	0.4945	0.4895	0.4926
May	0.4940	0.3622	0.4381
June	0.3721	0.3583	0.3622
July	0.3733	0.3676	0.3716
August	0.3849	0.3684	0.3794
September	0.3913	0.3704	0.3824
October	0.4092	0.3804	0.4043
November	0.5923	0.3913	0.5066
December	0.5928	0.5881	0.5909