2023 MKD to MWK Historical Review

YEARLY HIGH

30.3558 MWK

YEARLY LOW

17.4039 MWK

YEARLY AVERAGE

19.9651 MWK

2023 MKD to MWK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 30.3558. Conversely, the yearly low was recorded on March 8, dropping to 17.4039.

This high-to-low spread represents a total annual volatility of 12.9520 MWK. From a start-to-finish perspective, comparing the January average rate of 17.8946 to the December average rate of 29.8758, the exchange rate registered a net change of 66.95% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 30.3558 was up 70.52% compared to the 2022 peak of 17.8017, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 151,779 MWK

2022 Average 79,510 MWK

Yearly Trough Low 87,019 MWK

Transaction Impact: A difference of 64,759.78 MWK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

31.0793

16.6379

JanuMarcMayJulySeptNove

MKD 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 17.9900, compared to 21.9402 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.9502 points.

H1 Avg (Jan–Jun) 17.9900

H2 Avg (Jul–Dec) 21.9402

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 10.8117 MWK (High: 30.0274 / Low: 19.2157). On the other end, April was the most stable month, with a tight range of 0.4443 MWK (High: 18.4647 / Low: 18.0204).

November Spread (Volatile) ±10.8117

April Spread (Stable) ±0.4443

Growth Streaks & Declines

Trends

Between September and December, 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 August and September, when the average rate fell by 0.2347 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.2347

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 29.8758) against the same month in 2022 (average: 17.6145), the exchange rate shifted by +12.2614 (+69.61%).

2023 Avg (December) 29.8758

2022 Avg (December) 17.6145

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	18.1590	17.4604	17.8946
February	18.2063	17.6241	17.8413
March	18.2646	17.4039	17.8440
April	18.4647	18.0204	18.2490
May	18.4116	17.7729	18.0906
June	18.6069	17.6996	18.0201
July	19.2230	18.5224	18.8778
August	19.3638	18.6594	19.0513
September	19.3017	18.3002	18.8166
October	20.0006	18.4261	19.7022
November	30.0274	19.2157	25.3172
December	30.3558	29.4580	29.8758