2023 MWK to BGN Historical Review

YEARLY HIGH

0.0018 BGN

YEARLY LOW

0.0010 BGN

YEARLY AVERAGE

0.0016 BGN

2023 MWK to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MWK to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on March 8, valuing the pair at 0.0018. Conversely, the yearly low was recorded on December 27, dropping to 0.0010.

This high-to-low spread represents a total annual volatility of 0.0008 BGN. From a start-to-finish perspective, comparing the January average rate of 0.0018 to the December average rate of 0.0011, the exchange rate registered a net change of -40.02% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0018 was down 21.09% compared to the 2022 peak of 0.0023, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 9 BGN

2022 Average 10 BGN

Yearly Trough Low 5 BGN

Transaction Impact: A difference of 3.88 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0019

0.0010

JanuMarcMayJulySeptNove

MWK to BGN 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 0.0018, compared to 0.0015 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.0018

H2 Avg (Jul–Dec) 0.0015

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0006 BGN (High: 0.0016 / Low: 0.0011). On the other end, December was the most stable month, with a tight range of 0.0000 BGN (High: 0.0011 / Low: 0.0010).

November Spread (Volatile) ±0.0006

December Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

Between April and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0003 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0003

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.0018) against the same month in 2022 (average: 0.0022), the exchange rate shifted by -0.0004 (-18.80%).

2023 Avg (March) 0.0018

2022 Avg (March) 0.0022

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0018	0.0017	0.0018
February	0.0018	0.0017	0.0018
March	0.0018	0.0017	0.0018
April	0.0018	0.0017	0.0017
May	0.0018	0.0017	0.0018
June	0.0018	0.0017	0.0018
July	0.0017	0.0017	0.0017
August	0.0017	0.0016	0.0017
September	0.0017	0.0016	0.0017
October	0.0017	0.0016	0.0016
November	0.0016	0.0011	0.0013
December	0.0011	0.0010	0.0011