YEARLY HIGH
98.1779 MWK
YEARLY LOW
88.7911 MWK
YEARLY AVERAGE
93.0025 MWK

2021 NOK to MWK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NOK to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on October 20, valuing the pair at 98.1779. Conversely, the yearly low was recorded on December 3, dropping to 88.7911.

This high-to-low spread represents a total annual volatility of 9.3868 MWK. From a start-to-finish perspective, comparing the January average rate of 90.7194 to the December average rate of 90.8633, the exchange rate registered a net change of 0.16% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 98.1779 was up 8.83% compared to the 2020 peak of 90.2145, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 490,889 MWK
2020 Average 396,696 MWK
Yearly Trough Low 443,955 MWK
Transaction Impact: A difference of 46,933.89 MWK purely based on transaction execution date.

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96.9489
90.1531
JanuMarcMayJulySeptNove

NOK 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 92.9907, compared to 93.0143 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0236 points.

H1 Avg (Jan–Jun) 92.9907
H2 Avg (Jul–Dec) 93.0143

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 6.9284 MWK (High: 96.9034 / Low: 89.9750). On the other end, September was the most stable month, with a tight range of 2.1923 MWK (High: 95.1841 / Low: 92.9918).

November Spread (Volatile) Âą6.9284
September Spread (Stable) Âą2.1923

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 3.2672 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -3.2672

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2021: 96.3825) against the same month in 2020 (average: 81.1121), the exchange rate shifted by +15.2704 (+18.83%).

2021 Avg (October) 96.3825
2020 Avg (October) 81.1121

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Month High Low Average
January 91.9833 89.1665 90.7194
February 93.2327 89.2863 91.4577
March 93.0675 90.6516 91.7910
April 97.0317 91.8736 93.7390
May 96.6956 94.0765 95.4412
June 96.6920 91.6627 94.7959
July 94.5722 89.9436 92.0798
August 93.7410 89.7308 91.7553
September 95.1841 92.9918 93.8893
October 98.1779 94.4161 96.3825
November 96.9034 89.9750 93.1153
December 92.8351 88.7911 90.8633