2024 CNY to MWK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 CNY to MWK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the CNY to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on October 6, valuing the pair at 247.9316. Conversely, the yearly low was recorded on March 21, dropping to 231.8621.
This high-to-low spread represents a total annual volatility of 16.0695 MWK. From a start-to-finish perspective, comparing the January average rate of 236.6468 to the December average rate of 238.0832, the exchange rate registered a net change of 0.61% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 247.9316 was up 3.72% compared to the 2023 peak of 239.0316, 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 2024.
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 238.3513, compared to 241.7027 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.3514 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was March, with a trading range of 9.5105 MWK (High: 241.3726 / Low: 231.8621). On the other end, December was the most stable month, with a tight range of 2.5423 MWK (High: 239.2380 / Low: 236.6957).
Growth Streaks & Declines
TrendsBetween February and May, 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 October and November, when the average rate fell by 4.0194 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2024: 244.8173) against the same month in 2023 (average: 157.7376), the exchange rate shifted by +87.0797 (+55.21%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 238.4809 | 233.9415 | 236.6468 |
| February | 238.5041 | 233.4093 | 235.1962 |
| March | 241.3726 | 231.8621 | 236.0633 |
| April | 244.3803 | 238.8190 | 240.0044 |
| May | 245.4277 | 238.7795 | 241.9600 |
| June | 245.2869 | 238.2737 | 240.2371 |
| July | 242.9673 | 237.9425 | 238.8770 |
| August | 244.8176 | 239.1668 | 242.3832 |
| September | 247.7863 | 243.5514 | 245.2576 |
| October | 247.9316 | 243.0996 | 244.8173 |
| November | 244.4476 | 239.0020 | 240.7979 |
| December | 239.2380 | 236.6957 | 238.0832 |