2023 HRK to MWK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 HRK to MWK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the HRK to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 248.1420. Conversely, the yearly low was recorded on March 8, dropping to 142.4130.
This high-to-low spread represents a total annual volatility of 105.7290 MWK. From a start-to-finish perspective, comparing the January average rate of 146.5086 to the December average rate of 244.1194, the exchange rate registered a net change of 66.62% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 248.1420 was up 70.47% compared to the 2022 peak of 145.5629, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 HRK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
HRK 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 147.0582, compared to 179.2713 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 32.2131 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was November, with a trading range of 87.8393 MWK (High: 245.7401 / Low: 157.9008). On the other end, April was the most stable month, with a tight range of 3.7972 MWK (High: 150.6292 / Low: 146.8319).
Growth Streaks & Declines
TrendsBetween September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 2.0160 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 244.1194) against the same month in 2022 (average: 143.8635), the exchange rate shifted by +100.2559 (+69.69%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 148.3651 | 143.2121 | 146.5086 |
| February | 150.0843 | 143.5827 | 145.7030 |
| March | 149.3143 | 142.4130 | 145.8961 |
| April | 150.6292 | 146.8319 | 149.0119 |
| May | 150.6635 | 145.4139 | 147.7926 |
| June | 152.2726 | 144.7752 | 147.4370 |
| July | 157.1743 | 151.5198 | 154.2746 |
| August | 158.2330 | 152.4145 | 155.6704 |
| September | 157.5949 | 149.4238 | 153.6545 |
| October | 163.2655 | 150.4549 | 160.8957 |
| November | 245.7401 | 157.9008 | 207.0134 |
| December | 248.1420 | 240.5851 | 244.1194 |