2023 BOB to MWK Historical Review

YEARLY HIGH

243.8507 MWK

YEARLY LOW

146.6966 MWK

YEARLY AVERAGE

164.4541 MWK

2023 BOB to MWK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BOB to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 24, valuing the pair at 243.8507. Conversely, the yearly low was recorded on January 18, dropping to 146.6966.

This high-to-low spread represents a total annual volatility of 97.1541 MWK. From a start-to-finish perspective, comparing the January average rate of 148.0688 to the December average rate of 243.4970, the exchange rate registered a net change of 64.45% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 243.8507 was up 62.52% compared to the 2022 peak of 150.0435, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,219,253 MWK

2022 Average 677,085 MWK

Yearly Trough Low 733,483 MWK

Transaction Impact: A difference of 485,770.45 MWK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

253.0398

138.5260

JanuMarcMayJulySeptNove

BOB 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 148.3999, compared to 180.5083 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 32.1085 points.

H1 Avg (Jan–Jun) 148.3999

H2 Avg (Jul–Dec) 180.5083

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 82.6600 MWK (High: 243.8507 / Low: 161.1906). On the other end, May was the most stable month, with a tight range of 1.1672 MWK (High: 148.9828 / Low: 147.8155).

November Spread (Volatile) ±82.6600

May Spread (Stable) ±1.1672

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 March and April, when the average rate fell by 0.5285 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.5285

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 208.4556) against the same month in 2022 (average: 148.3827), the exchange rate shifted by +60.0729 (+40.49%).

2023 Avg (November) 208.4556

2022 Avg (November) 148.3827

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	148.6420	146.6966	148.0688
February	149.9227	147.1722	148.5074
March	151.9780	147.1915	148.8007
April	148.7699	147.0015	148.2722
May	148.9828	147.8155	148.4366
June	152.4985	147.1347	148.3135
July	152.6748	151.2570	152.2931
August	157.9779	151.2139	155.6285
September	160.7423	152.0576	156.9918
October	167.9050	156.3481	166.1841
November	243.8507	161.1906	208.4556
December	243.8054	242.1760	243.4970