2023 KES to MDL Historical Review

YEARLY HIGH

0.1555 MDL

YEARLY LOW

0.1101 MDL

YEARLY AVERAGE

0.1303 MDL

2023 KES to MDL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the KES to MDL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 8, valuing the pair at 0.1555. Conversely, the yearly low was recorded on December 31, dropping to 0.1101.

This high-to-low spread represents a total annual volatility of 0.0454 MDL. From a start-to-finish perspective, comparing the January average rate of 0.1532 to the December average rate of 0.1140, the exchange rate registered a net change of -25.60% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1555 was down 5.27% compared to the 2022 peak of 0.1642, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 778 MDL

2022 Average 800 MDL

Yearly Trough Low 551 MDL

Transaction Impact: A difference of 227.01 MDL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1571

0.1101

JanuMarcMayJulySeptNove

KES to MDL 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 0.1397, compared to 0.1208 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0189 points.

H1 Avg (Jan–Jun) 0.1397

H2 Avg (Jul–Dec) 0.1208

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0101 MDL (High: 0.1483 / Low: 0.1381). On the other end, September was the most stable month, with a tight range of 0.0016 MDL (High: 0.1234 / Low: 0.1218).

March Spread (Volatile) ±0.0101

September Spread (Stable) ±0.0016

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0094 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.0094

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.1532) against the same month in 2022 (average: 0.1580), the exchange rate shifted by -0.0048 (-3.05%).

2023 Avg (January) 0.1532

2022 Avg (January) 0.1580

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1555	0.1504	0.1532
February	0.1513	0.1482	0.1494
March	0.1483	0.1381	0.1436
April	0.1381	0.1313	0.1343
May	0.1327	0.1280	0.1295
June	0.1303	0.1271	0.1282
July	0.1316	0.1217	0.1266
August	0.1246	0.1216	0.1230
September	0.1234	0.1218	0.1225
October	0.1234	0.1201	0.1215
November	0.1205	0.1157	0.1175
December	0.1169	0.1101	0.1140