2024 HKD to MWK Historical Review

YEARLY HIGH

224.1795 MWK

YEARLY LOW

213.4349 MWK

YEARLY AVERAGE

220.7770 MWK

2024 HKD to MWK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the HKD to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on October 4, valuing the pair at 224.1795. Conversely, the yearly low was recorded on March 21, dropping to 213.4349.

This high-to-low spread represents a total annual volatility of 10.7446 MWK. From a start-to-finish perspective, comparing the January average rate of 215.2716 to the December average rate of 223.0091, the exchange rate registered a net change of 3.59% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 224.1795 was up 3.36% compared to the 2023 peak of 216.8969, 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 5,604,488 MWK

2023 Average 3,631,182 MWK

Yearly Trough Low 5,335,872 MWK

Transaction Impact: A difference of 268,616.01 MWK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

224.1984

214.4127

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 218.8542, compared to 222.6999 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.8456 points.

H1 Avg (Jan–Jun) 218.8542

H2 Avg (Jul–Dec) 222.6999

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 9.2601 MWK (High: 222.6950 / Low: 213.4349). On the other end, July was the most stable month, with a tight range of 0.9497 MWK (High: 222.2777 / Low: 221.3280).

March Spread (Volatile) ±9.2601

July Spread (Stable) ±0.9497

Growth Streaks & Declines

Trends

Between June and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.3680 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.3680

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2024: 223.3829) against the same month in 2023 (average: 146.6385), the exchange rate shifted by +76.7444 (+52.34%).

2024 Avg (October) 223.3829

2023 Avg (October) 146.6385

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	216.1377	214.6332	215.2716
February	217.1867	214.5987	215.2282
March	222.6950	213.4349	217.1564
April	222.1839	220.6374	221.5348
May	222.8034	221.0470	221.9812
June	223.1665	221.4507	221.9531
July	222.2777	221.3280	221.9578
August	222.6886	220.5292	222.1469
September	223.8311	222.1872	222.6876
October	224.1795	222.9634	223.3829
November	224.0662	222.4215	223.0149
December	223.6511	222.1270	223.0091