2023 ETB to MWK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 ETB to MWK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the ETB to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 16, valuing the pair at 30.2929. Conversely, the yearly low was recorded on June 28, dropping to 18.5515.
This high-to-low spread represents a total annual volatility of 11.7414 MWK. From a start-to-finish perspective, comparing the January average rate of 19.0759 to the December average rate of 29.9951, the exchange rate registered a net change of 57.24% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 30.2929 was up 52.24% compared to the 2022 peak of 19.8979, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 ETB based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
ETB 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 18.9711, compared to 22.4621 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.4911 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was November, with a trading range of 10.2772 MWK (High: 30.2497 / Low: 19.9725). On the other end, July was the most stable month, with a tight range of 0.1366 MWK (High: 19.2582 / Low: 19.1217).
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 March and April, when the average rate fell by 0.1939 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 29.9951) against the same month in 2022 (average: 19.1467), the exchange rate shifted by +10.8483 (+56.66%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 19.1534 | 18.8992 | 19.0759 |
| February | 19.2983 | 18.9611 | 19.1088 |
| March | 19.5048 | 18.9032 | 19.1027 |
| April | 19.0205 | 18.7556 | 18.9088 |
| May | 18.9633 | 18.7857 | 18.8566 |
| June | 19.2582 | 18.5515 | 18.7737 |
| July | 19.2582 | 19.1217 | 19.1756 |
| August | 19.8360 | 18.9547 | 19.5232 |
| September | 20.0965 | 19.0451 | 19.6407 |
| October | 20.9478 | 19.4303 | 20.6347 |
| November | 30.2497 | 19.9725 | 25.8035 |
| December | 30.2929 | 29.8157 | 29.9951 |