2024 FKP to MWK Historical Review

YEARLY HIGH

2329.7273 MWK

YEARLY LOW

2112.3321 MWK

YEARLY AVERAGE

2201.7751 MWK

2024 FKP to MWK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the FKP to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on September 24, valuing the pair at 2329.7273. Conversely, the yearly low was recorded on February 5, dropping to 2112.3321.

This high-to-low spread represents a total annual volatility of 217.3952 MWK. From a start-to-finish perspective, comparing the January average rate of 2138.3811 to the December average rate of 2190.3098, the exchange rate registered a net change of 2.43% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 2329.7273 was up 8.14% compared to the 2023 peak of 2154.3118, 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 11,648,637 MWK

2023 Average 7,078,121 MWK

Yearly Trough Low 10,561,661 MWK

Transaction Impact: A difference of 1,086,976.09 MWK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2310.4990

2109.6593

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 2164.6043, compared to 2238.9459 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 74.3416 points.

H1 Avg (Jan–Jun) 2164.6043

H2 Avg (Jul–Dec) 2238.9459

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 100.1814 MWK (High: 2298.8986 / Low: 2198.7172). On the other end, January was the most stable month, with a tight range of 27.3253 MWK (High: 2151.5182 / Low: 2124.1928).

August Spread (Volatile) ±100.1814

January Spread (Stable) ±27.3253

Growth Streaks & Declines

Trends

Between February and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 52.1254 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -52.1254

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 2293.7623) against the same month in 2023 (average: 1343.4287), the exchange rate shifted by +950.3336 (+70.74%).

2024 Avg (September) 2293.7623

2023 Avg (September) 1343.4287

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2151.5182	2124.1928	2138.3811
February	2145.1979	2112.3321	2126.3959
March	2200.6186	2113.3190	2158.8123
April	2201.1488	2139.3798	2170.2546
May	2216.3928	2169.5013	2191.0630
June	2219.5372	2188.1710	2202.7188
July	2254.7230	2191.3880	2230.9075
August	2298.8986	2198.7172	2242.4809
September	2329.7273	2261.1004	2293.7623
October	2300.2453	2236.6765	2264.1700
November	2262.7475	2173.9539	2212.0446
December	2216.5666	2167.4275	2190.3098