2023 FKP to MWK Historical Review

YEARLY HIGH

2154.3118 MWK

YEARLY LOW

1203.0017 MWK

YEARLY AVERAGE

1414.3075 MWK

2023 FKP to MWK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the FKP to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 2154.3118. Conversely, the yearly low was recorded on March 7, dropping to 1203.0017.

This high-to-low spread represents a total annual volatility of 951.3101 MWK. From a start-to-finish perspective, comparing the January average rate of 1252.7669 to the December average rate of 2133.5693, the exchange rate registered a net change of 70.31% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2154.3118 was up 67.48% compared to the 2022 peak of 1286.2954, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 10,771,559 MWK

2022 Average 5,739,900 MWK

Yearly Trough Low 6,015,009 MWK

Transaction Impact: A difference of 4,756,550.37 MWK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2223.1095

1148.6272

JanuMarcMayJulySeptNove

FKP 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 1264.4201, compared to 1564.1949 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 299.7747 points.

H1 Avg (Jan–Jun) 1264.4201

H2 Avg (Jul–Dec) 1564.1949

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 776.9157 MWK (High: 2139.2595 / Low: 1362.3438). On the other end, April was the most stable month, with a tight range of 33.4327 MWK (High: 1291.4016 / Low: 1257.9689).

November Spread (Volatile) ±776.9157

April Spread (Stable) ±33.4327

Growth Streaks & Declines

Trends

Between February and August, 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 August and September, when the average rate fell by 22.3758 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -22.3758

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 2133.5693) against the same month in 2022 (average: 1247.8427), the exchange rate shifted by +885.7266 (+70.98%).

2023 Avg (December) 2133.5693

2022 Avg (December) 1247.8427

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1273.5254	1221.3473	1252.7669
February	1272.2552	1225.1906	1238.1674
March	1276.4914	1203.0017	1246.4548
April	1291.4016	1257.9689	1274.9197
May	1297.2154	1262.5287	1279.2487
June	1333.3316	1267.4651	1294.9633
July	1381.5518	1328.7141	1354.0361
August	1382.9090	1330.6577	1365.8046
September	1375.7332	1312.1606	1343.4287
October	1425.5778	1307.6507	1396.5665
November	2139.2595	1362.3438	1791.7639
December	2154.3118	2113.7099	2133.5693