2023 ILS to MWK Historical Review

YEARLY HIGH

468.3835 MWK

YEARLY LOW

272.8917 MWK

YEARLY AVERAGE

308.3441 MWK

2023 ILS to MWK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ILS to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 468.3835. Conversely, the yearly low was recorded on June 2, dropping to 272.8917.

This high-to-low spread represents a total annual volatility of 195.4918 MWK. From a start-to-finish perspective, comparing the January average rate of 297.1392 to the December average rate of 459.7817, the exchange rate registered a net change of 54.74% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 468.3835 was up 47.65% compared to the 2022 peak of 317.2227, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 ILS based on timing:

Yearly Peak High 2,341,917 MWK

2022 Average 1,387,175 MWK

Yearly Trough Low 1,364,458 MWK

Transaction Impact: A difference of 977,458.87 MWK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

477.8240

261.3166

JanuMarcMayJulySeptNove

ILS 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 285.5924, compared to 331.0959 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 45.5034 points.

H1 Avg (Jan–Jun) 285.5924

H2 Avg (Jul–Dec) 331.0959

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 174.5637 MWK (High: 456.8310 / Low: 282.2673). On the other end, May was the most stable month, with a tight range of 8.7598 MWK (High: 283.0775 / Low: 274.3177).

November Spread (Volatile) ±174.5637

May Spread (Stable) ±8.7598

Growth Streaks & Declines

Trends

Between May and August, 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 January and February, when the average rate fell by 7.4110 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -7.4110

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 459.7817) against the same month in 2022 (average: 296.6240), the exchange rate shifted by +163.1578 (+55.00%).

2023 Avg (December) 459.7817

2022 Avg (December) 296.6240

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	305.1480	288.7540	297.1392
February	303.0733	279.6915	289.7283
March	289.5326	277.5526	284.0122
April	287.0236	277.5039	281.8317
May	283.0775	274.3177	279.3589
June	288.7669	272.8917	281.4843
July	293.0781	282.1285	286.8191
August	294.0354	282.8232	287.1827
September	291.3684	274.4405	284.1773
October	301.1306	279.4803	288.4960
November	456.8310	282.2673	380.1183
December	468.3835	452.2801	459.7817