2023 CVE to MWK Historical Review

YEARLY HIGH

16.9101 MWK

YEARLY LOW

9.7217 MWK

YEARLY AVERAGE

11.1348 MWK

2023 CVE to MWK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CVE to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 16.9101. Conversely, the yearly low was recorded on March 8, dropping to 9.7217.

This high-to-low spread represents a total annual volatility of 7.1885 MWK. From a start-to-finish perspective, comparing the January average rate of 9.9844 to the December average rate of 16.6515, the exchange rate registered a net change of 66.78% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 16.9101 was up 70.72% compared to the 2022 peak of 9.9054, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 84,551 MWK

2022 Average 44,315 MWK

Yearly Trough Low 48,608 MWK

Transaction Impact: A difference of 35,942.44 MWK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

17.3209

9.2890

JanuMarcMayJulySeptNove

CVE 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 10.0347, compared to 12.2349 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.2002 points.

H1 Avg (Jan–Jun) 10.0347

H2 Avg (Jul–Dec) 12.2349

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 5.9516 MWK (High: 16.7375 / Low: 10.7859). On the other end, April was the most stable month, with a tight range of 0.2269 MWK (High: 10.2939 / Low: 10.0669).

November Spread (Volatile) ±5.9516

April Spread (Stable) ±0.2269

Growth Streaks & Declines

Trends

Between September and December, 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 August and September, when the average rate fell by 0.1336 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1336

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 16.6515) against the same month in 2022 (average: 9.8232), the exchange rate shifted by +6.8283 (+69.51%).

2023 Avg (December) 16.6515

2022 Avg (December) 9.8232

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.1336	9.7808	9.9844
February	10.1735	9.8366	9.9583
March	10.1751	9.7217	9.9630
April	10.2939	10.0669	10.1729
May	10.2381	9.9032	10.0863
June	10.4065	9.7628	10.0433
July	10.7371	10.2810	10.5328
August	10.8495	10.3979	10.6356
September	10.7498	10.2062	10.5020
October	11.1223	10.3324	10.9828
November	16.7375	10.7859	14.1044
December	16.9101	16.2833	16.6515