2023 HKD to MWK Historical Review

YEARLY HIGH

216.8969 MWK

YEARLY LOW

128.8913 MWK

YEARLY AVERAGE

145.1393 MWK

2023 HKD to MWK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HKD to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 17, valuing the pair at 216.8969. Conversely, the yearly low was recorded on March 10, dropping to 128.8913.

This high-to-low spread represents a total annual volatility of 88.0056 MWK. From a start-to-finish perspective, comparing the January average rate of 130.8361 to the December average rate of 215.6929, the exchange rate registered a net change of 64.86% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 216.8969 was up 63.89% compared to the 2022 peak of 132.3404, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 HKD based on timing:

Yearly Peak High 5,422,423 MWK

2022 Average 2,980,043 MWK

Yearly Trough Low 3,222,284 MWK

Transaction Impact: A difference of 2,200,139.83 MWK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

224.2121

121.9817

JanuMarcMayJulySeptNove

HKD 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 130.7661, compared to 159.5125 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 28.7464 points.

H1 Avg (Jan–Jun) 130.7661

H2 Avg (Jul–Dec) 159.5125

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 73.4539 MWK (High: 216.1543 / Low: 142.7004). On the other end, May was the most stable month, with a tight range of 1.1974 MWK (High: 131.4531 / Low: 130.2556).

November Spread (Volatile) ±73.4539

May Spread (Stable) ±1.1974

Growth Streaks & Declines

Trends

Between April and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.3166 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.3166

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 215.6929) against the same month in 2022 (average: 131.5951), the exchange rate shifted by +84.0978 (+63.91%).

2023 Avg (December) 215.6929

2022 Avg (December) 131.5951

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	131.5060	129.4827	130.8361
February	132.0043	129.6511	130.7906
March	133.7287	128.8913	130.8175
April	130.8926	129.4055	130.5009
May	131.4531	130.2556	130.8247
June	134.4074	129.3128	130.8267
July	135.0430	133.5285	134.4871
August	139.3477	133.6192	137.3980
September	142.0376	133.8653	138.5117
October	148.3440	138.1033	146.6385
November	216.1543	142.7004	184.3467
December	216.8969	215.2841	215.6929