2023 EGP to MWK Historical Review

YEARLY HIGH

54.8021 MWK

YEARLY LOW

32.7456 MWK

YEARLY AVERAGE

37.0603 MWK

2023 EGP to MWK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the EGP to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 16, valuing the pair at 54.8021. Conversely, the yearly low was recorded on March 11, dropping to 32.7456.

This high-to-low spread represents a total annual volatility of 22.0566 MWK. From a start-to-finish perspective, comparing the January average rate of 35.9044 to the December average rate of 54.5139, the exchange rate registered a net change of 51.83% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 54.8021 was down 0.36% compared to the 2022 peak of 54.9991, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 274,011 MWK

2022 Average 245,014 MWK

Yearly Trough Low 163,728 MWK

Transaction Impact: A difference of 110,282.76 MWK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

56.6487

31.0302

JanuMarcMayJulySeptNove

EGP 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 33.7558, compared to 40.3647 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 6.6089 points.

H1 Avg (Jan–Jun) 33.7558

H2 Avg (Jul–Dec) 40.3647

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 18.4314 MWK (High: 54.5066 / Low: 36.0752). On the other end, July was the most stable month, with a tight range of 0.4122 MWK (High: 34.2054 / Low: 33.7932).

November Spread (Volatile) ±18.4314

July Spread (Stable) ±0.4122

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 January and February, when the average rate fell by 2.2248 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -2.2248

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 54.5139) against the same month in 2022 (average: 41.5726), the exchange rate shifted by +12.9413 (+31.13%).

2023 Avg (December) 54.5139

2022 Avg (December) 41.5726

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	41.4533	34.0303	35.9044
February	34.2293	33.2928	33.6796
March	34.1963	32.7456	33.3279
April	33.5535	32.8399	33.2127
May	33.7775	33.0172	33.2452
June	34.0972	32.8209	33.1651
July	34.2054	33.7932	34.0481
August	35.3179	33.7895	34.7973
September	35.9382	33.9860	35.1008
October	37.5911	34.8865	37.1504
November	54.5066	36.0752	46.5778
December	54.8021	54.3388	54.5139