2023 BWP to MWK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 BWP to MWK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the BWP to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 16, valuing the pair at 126.3354. Conversely, the yearly low was recorded on May 31, dropping to 74.3103.
This high-to-low spread represents a total annual volatility of 52.0252 MWK. From a start-to-finish perspective, comparing the January average rate of 80.0993 to the December average rate of 124.7259, the exchange rate registered a net change of 55.71% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 126.3354 was up 47.70% compared to the 2022 peak of 85.5361, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BWP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
BWP 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: Jan–Jun) was 77.7750, compared to 92.2283 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 14.4533 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was November, with a trading range of 44.0433 MWK (High: 125.7510 / Low: 81.7078). On the other end, January was the most stable month, with a tight range of 1.6498 MWK (High: 81.0391 / Low: 79.3894).
Growth Streaks & Declines
TrendsBetween May and August, 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 April and May, when the average rate fell by 1.9194 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 124.7259) against the same month in 2022 (average: 79.5455), the exchange rate shifted by +45.1804 (+56.80%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 81.0391 | 79.3894 | 80.0993 |
| February | 80.5725 | 77.0495 | 78.4511 |
| March | 79.4571 | 75.8455 | 77.6790 |
| April | 78.7013 | 76.9116 | 78.0516 |
| May | 78.0761 | 74.3103 | 76.1321 |
| June | 78.5067 | 74.4154 | 76.2370 |
| July | 81.0426 | 77.3753 | 79.4280 |
| August | 80.8862 | 77.8413 | 79.6930 |
| September | 81.3656 | 76.5940 | 79.4749 |
| October | 84.7931 | 78.5372 | 83.5417 |
| November | 125.7510 | 81.7078 | 106.5066 |
| December | 126.3354 | 122.8317 | 124.7259 |