2023 JOD to MWK Historical Review

YEARLY HIGH

2385.7669 MWK

YEARLY LOW

1426.2625 MWK

YEARLY AVERAGE

1601.7959 MWK

2023 JOD to MWK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JOD to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 16, valuing the pair at 2385.7669. Conversely, the yearly low was recorded on March 10, dropping to 1426.2625.

This high-to-low spread represents a total annual volatility of 959.5045 MWK. From a start-to-finish perspective, comparing the January average rate of 1442.2495 to the December average rate of 2374.3772, the exchange rate registered a net change of 64.63% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2385.7669 was up 63.76% compared to the 2022 peak of 1456.8598, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11,928,835 MWK

2022 Average 6,582,774 MWK

Yearly Trough Low 7,131,312 MWK

Transaction Impact: A difference of 4,797,522.28 MWK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2467.5899

1349.0368

JanuMarcMayJulySeptNove

JOD 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 1444.9318, compared to 1758.6600 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 313.7282 points.

H1 Avg (Jan–Jun) 1444.9318

H2 Avg (Jul–Dec) 1758.6600

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 803.3007 MWK (High: 2374.8823 / Low: 1571.5816). On the other end, May was the most stable month, with a tight range of 10.8970 MWK (High: 1450.6433 / Low: 1439.7463).

November Spread (Volatile) ±803.3007

May Spread (Stable) ±10.8970

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 3.1517 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -3.1517

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 2374.3772) against the same month in 2022 (average: 1445.1474), the exchange rate shifted by +929.2297 (+64.30%).

2023 Avg (December) 2374.3772

2022 Avg (December) 1445.1474

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1448.7736	1428.1824	1442.2495
February	1460.3188	1432.7638	1446.5811
March	1478.5083	1426.2625	1447.1788
April	1448.4071	1431.9335	1444.0271
May	1450.6433	1439.7463	1445.1447
June	1484.9413	1427.1107	1444.4095
July	1486.2222	1473.0758	1482.4273
August	1541.3730	1474.0290	1518.8791
September	1567.8385	1482.8508	1530.4566
October	1634.9318	1524.6942	1617.4597
November	2374.8823	1571.5816	2028.3602
December	2385.7669	2370.3495	2374.3772