2023 CNY to MWK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 CNY to MWK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the CNY to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 16, valuing the pair at 239.0316. Conversely, the yearly low was recorded on June 28, dropping to 140.4184.
This high-to-low spread represents a total annual volatility of 98.6132 MWK. From a start-to-finish perspective, comparing the January average rate of 150.6587 to the December average rate of 236.6386, the exchange rate registered a net change of 57.07% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 239.0316 was up 55.86% compared to the 2022 peak of 153.3664, indicating shifts in long-term support levels.
Comparing the value generated converting 25,000 CNY based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
CNY 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 148.0502, compared to 172.9977 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 24.9474 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was November, with a trading range of 84.9619 MWK (High: 237.8816 / Low: 152.9196). On the other end, April was the most stable month, with a tight range of 2.5541 MWK (High: 149.5157 / Low: 146.9616).
Growth Streaks & Declines
TrendsBetween 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 3.4924 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 236.6386) against the same month in 2022 (average: 146.9906), the exchange rate shifted by +89.6481 (+60.99%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 152.7182 | 148.2627 | 150.6587 |
| February | 152.9010 | 147.4740 | 149.9744 |
| March | 153.2448 | 146.0934 | 148.9709 |
| April | 149.5157 | 146.9616 | 148.7453 |
| May | 148.6962 | 144.0636 | 146.7221 |
| June | 145.2633 | 140.4184 | 143.2297 |
| July | 148.2104 | 144.3189 | 146.2954 |
| August | 151.2554 | 145.1646 | 148.5351 |
| September | 152.2985 | 143.4840 | 148.7170 |
| October | 161.5961 | 150.4358 | 157.7376 |
| November | 237.8816 | 152.9196 | 200.0623 |
| December | 239.0316 | 234.5505 | 236.6386 |