2023 MDL to MWK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MDL to MWK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MDL to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 97.3205. Conversely, the yearly low was recorded on January 7, dropping to 53.3041.
This high-to-low spread represents a total annual volatility of 44.0164 MWK. From a start-to-finish perspective, comparing the January average rate of 53.8801 to the December average rate of 95.6837, the exchange rate registered a net change of 77.59% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 97.3205 was up 80.48% compared to the 2022 peak of 53.9245, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MDL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
MDL 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 55.9157, compared to 69.9333 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 14.0176 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was November, with a trading range of 33.0277 MWK (High: 95.2708 / Low: 62.2431). On the other end, May was the most stable month, with a tight range of 1.0730 MWK (High: 58.2486 / Low: 57.1756).
Growth Streaks & Declines
TrendsBetween January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.4892 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 95.6837) against the same month in 2022 (average: 53.0425), the exchange rate shifted by +42.6412 (+80.39%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 54.8229 | 53.3041 | 53.8801 |
| February | 55.2936 | 54.1787 | 54.6751 |
| March | 56.4912 | 54.0295 | 55.1890 |
| April | 57.3427 | 55.8691 | 56.7921 |
| May | 58.2486 | 57.1756 | 57.7077 |
| June | 57.8215 | 55.8575 | 57.2503 |
| July | 60.8552 | 57.2101 | 58.7679 |
| August | 61.8869 | 59.3227 | 60.8290 |
| September | 61.9378 | 58.8180 | 60.3398 |
| October | 64.4400 | 59.2556 | 63.2896 |
| November | 95.2708 | 62.2431 | 80.6899 |
| December | 97.3205 | 93.8827 | 95.6837 |