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2021 TRY to MWK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the TRY to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on February 20, valuing the pair at 112.0023. Conversely, the yearly low was recorded on December 19, dropping to 49.2653.
This high-to-low spread represents a total annual volatility of 62.7370 MWK. From a start-to-finish perspective, comparing the January average rate of 104.4700 to the December average rate of 61.3432, the exchange rate registered a net change of -41.28% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2021 high of 112.0023 was down 10.91% compared to the 2020 peak of 125.7177, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 TRY based on timing:
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TRY to MWK Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: JanâJun) was 99.8552, compared to 85.1319 in the second half (H2: JulâDec). This shows that the rate was stronger in the first half (JanâJun) by a margin of 14.7232 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was December, with a trading range of 26.5630 MWK (High: 75.8283 / Low: 49.2653). On the other end, January was the most stable month, with a tight range of 3.2614 MWK (High: 106.2899 / Low: 103.0285).
Growth Streaks & Declines
TrendsBetween June and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 14.9966 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2021: 109.5545) against the same month in 2020 (average: 121.0828), the exchange rate shifted by -11.5283 (-9.52%).
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| Month | High | Low | Average |
|---|---|---|---|
| January | 106.2899 | 103.0285 | 104.4700 |
| February | 112.0023 | 105.1922 | 109.5545 |
| March | 108.4623 | 94.3807 | 101.8629 |
| April | 97.7127 | 93.6554 | 96.1729 |
| May | 96.2494 | 91.9966 | 94.5152 |
| June | 95.5670 | 90.9413 | 92.5554 |
| July | 96.1350 | 91.5601 | 93.9809 |
| August | 97.5913 | 93.9243 | 95.8157 |
| September | 98.1341 | 91.3967 | 94.9314 |
| October | 92.2204 | 83.8763 | 88.3806 |
| November | 85.5036 | 60.4738 | 76.3398 |
| December | 75.8283 | 49.2653 | 61.3432 |