2023 FJD to MWK Historical Review

YEARLY HIGH

768.6487 MWK

YEARLY LOW

449.7175 MWK

YEARLY AVERAGE

509.4794 MWK

2023 FJD to MWK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the FJD to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 768.6487. Conversely, the yearly low was recorded on June 28, dropping to 449.7175.

This high-to-low spread represents a total annual volatility of 318.9311 MWK. From a start-to-finish perspective, comparing the January average rate of 469.7878 to the December average rate of 760.3949, the exchange rate registered a net change of 61.86% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 768.6487 was up 58.90% compared to the 2022 peak of 483.7190, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,843,243 MWK

2022 Average 2,128,663 MWK

Yearly Trough Low 2,248,588 MWK

Transaction Impact: A difference of 1,594,655.52 MWK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

790.3944

430.4003

JanuMarcMayJulySeptNove

FJD 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 464.1063, compared to 554.8526 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 90.7463 points.

H1 Avg (Jan–Jun) 464.1063

H2 Avg (Jul–Dec) 554.8526

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 272.8181 MWK (High: 756.1966 / Low: 483.3785). On the other end, April was the most stable month, with a tight range of 10.8433 MWK (High: 467.6762 / Low: 456.8329).

November Spread (Volatile) ±272.8181

April Spread (Stable) ±10.8433

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 February and March, when the average rate fell by 4.8681 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -4.8681

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 760.3949) against the same month in 2022 (average: 464.2260), the exchange rate shifted by +296.1689 (+63.80%).

2023 Avg (December) 760.3949

2022 Avg (December) 464.2260

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	477.4165	461.9156	469.7878
February	476.5180	459.2814	467.8051
March	473.1728	452.3586	462.9370
April	467.6762	456.8329	462.8572
May	468.4728	454.9194	460.8506
June	472.0115	449.7175	460.3998
July	483.4428	465.6217	474.0495
August	485.2001	463.6683	476.6617
September	490.9712	461.5066	477.5812
October	513.3923	470.9983	502.9894
November	756.1966	483.3785	637.4389
December	768.6487	751.5557	760.3949