2023 MWK to BIF Historical Review

YEARLY HIGH

2.7912 BIF

YEARLY LOW

1.6869 BIF

YEARLY AVERAGE

2.2793 BIF

2023 MWK to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MWK to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on June 23, valuing the pair at 2.7912. Conversely, the yearly low was recorded on December 16, dropping to 1.6869.

This high-to-low spread represents a total annual volatility of 1.1043 BIF. From a start-to-finish perspective, comparing the January average rate of 2.0221 to the December average rate of 1.6924, the exchange rate registered a net change of -16.31% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.7912 was up 9.76% compared to the 2022 peak of 2.5429, 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 13,956 BIF

2022 Average 11,070 BIF

Yearly Trough Low 8,434 BIF

Transaction Impact: A difference of 5,521.32 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.8682

1.5855

JanuMarcMayJulySeptNove

MWK to BIF 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 2.1982, compared to 2.3604 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1622 points.

H1 Avg (Jan–Jun) 2.1982

H2 Avg (Jul–Dec) 2.3604

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.8671 BIF (High: 2.5553 / Low: 1.6882). On the other end, December was the most stable month, with a tight range of 0.0136 BIF (High: 1.7005 / Low: 1.6869).

November Spread (Volatile) ±0.8671

December Spread (Stable) ±0.0136

Growth Streaks & Declines

Trends

Between February and June, 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 October and November, when the average rate fell by 0.4206 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.4206

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 2.7613) against the same month in 2022 (average: 2.1067), the exchange rate shifted by +0.6546 (+31.07%).

2023 Avg (June) 2.7613

2022 Avg (June) 2.1067

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.0420	2.0056	2.0221
February	2.0349	1.9991	2.0201
March	2.0443	1.9827	2.0223
April	2.0427	2.0224	2.0299
May	2.7606	2.0244	2.3338
June	2.7912	2.6878	2.7613
July	2.7202	2.6786	2.6913
August	2.7148	2.5983	2.6359
September	2.6995	2.5559	2.6152
October	2.6288	2.4436	2.4742
November	2.5553	1.6882	2.0536
December	1.7005	1.6869	1.6924