2023 IRR to MWK Historical Review

YEARLY HIGH

0.0401 MWK

YEARLY LOW

0.0239 MWK

YEARLY AVERAGE

0.0269 MWK

2023 IRR to MWK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the IRR to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 0.0401. Conversely, the yearly low was recorded on March 10, dropping to 0.0239.

This high-to-low spread represents a total annual volatility of 0.0162 MWK. From a start-to-finish perspective, comparing the January average rate of 0.0244 to the December average rate of 0.0399, the exchange rate registered a net change of 63.48% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0401 was up 61.26% compared to the 2022 peak of 0.0249, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 201 MWK

2022 Average 110 MWK

Yearly Trough Low 120 MWK

Transaction Impact: A difference of 81.03 MWK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0415

0.0227

JanuMarcMayJulySeptNove

IRR 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 0.0243, compared to 0.0295 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0052 points.

H1 Avg (Jan–Jun) 0.0243

H2 Avg (Jul–Dec) 0.0295

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0135 MWK (High: 0.0399 / Low: 0.0264). On the other end, May was the most stable month, with a tight range of 0.0002 MWK (High: 0.0244 / Low: 0.0242).

November Spread (Volatile) ±0.0135

May Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between June and December, 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 March and April, when the average rate fell by 0.0001 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.0399) against the same month in 2022 (average: 0.0246), the exchange rate shifted by +0.0153 (+62.33%).

2023 Avg (December) 0.0399

2022 Avg (December) 0.0246

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0245	0.0242	0.0244
February	0.0247	0.0241	0.0243
March	0.0248	0.0239	0.0244
April	0.0243	0.0240	0.0242
May	0.0244	0.0242	0.0243
June	0.0249	0.0240	0.0242
July	0.0251	0.0247	0.0249
August	0.0258	0.0247	0.0254
September	0.0263	0.0248	0.0257
October	0.0275	0.0256	0.0272
November	0.0399	0.0264	0.0340
December	0.0401	0.0398	0.0399