2023 GHS to MWK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 GHS to MWK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the GHS to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 22, valuing the pair at 140.9231. Conversely, the yearly low was recorded on February 23, dropping to 79.6192.
This high-to-low spread represents a total annual volatility of 61.3039 MWK. From a start-to-finish perspective, comparing the January average rate of 90.2457 to the December average rate of 140.1206, the exchange rate registered a net change of 55.27% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 140.9231 was up 6.27% compared to the 2022 peak of 132.6034, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GHS based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
GHS 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 87.7099, compared to 106.6751 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 18.9651 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was November, with a trading range of 47.6580 MWK (High: 140.9231 / Low: 93.2651). On the other end, December was the most stable month, with a tight range of 0.9545 MWK (High: 140.6930 / Low: 139.7385).
Growth Streaks & Declines
TrendsBetween 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 January and February, when the average rate fell by 8.0094 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2023: 120.4385) against the same month in 2022 (average: 71.5114), the exchange rate shifted by +48.9271 (+68.42%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 122.9254 | 81.6400 | 90.2457 |
| February | 84.3376 | 79.6192 | 82.2363 |
| March | 87.7682 | 79.9097 | 83.3000 |
| April | 95.3327 | 85.2724 | 89.6537 |
| May | 96.6218 | 86.5557 | 90.3360 |
| June | 92.4246 | 88.4116 | 90.4878 |
| July | 92.9766 | 90.5358 | 92.1607 |
| August | 97.1361 | 92.9372 | 95.3570 |
| September | 96.5331 | 91.9739 | 94.4032 |
| October | 99.6945 | 93.2178 | 97.5704 |
| November | 140.9231 | 93.2651 | 120.4385 |
| December | 140.6930 | 139.7385 | 140.1206 |