2023 MWK to CDF Historical Review

YEARLY HIGH

2.4217 CDF

YEARLY LOW

1.4732 CDF

YEARLY AVERAGE

2.0906 CDF

2023 MWK to CDF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MWK to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on July 26, valuing the pair at 2.4217. Conversely, the yearly low was recorded on November 19, dropping to 1.4732.

This high-to-low spread represents a total annual volatility of 0.9484 CDF. From a start-to-finish perspective, comparing the January average rate of 2.0024 to the December average rate of 1.6163, the exchange rate registered a net change of -19.28% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.4217 was down 4.08% compared to the 2022 peak of 2.5247, 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 12,108 CDF

2022 Average 10,953 CDF

Yearly Trough Low 7,366 CDF

Transaction Impact: A difference of 4,742.21 CDF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.4217

1.5431

JanuMarcMayJulySeptNove

MWK to CDF 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 2.0827, compared to 2.0986 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0159 points.

H1 Avg (Jan–Jun) 2.0827

H2 Avg (Jul–Dec) 2.0986

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.8996 CDF (High: 2.3728 / Low: 1.4732). On the other end, January was the most stable month, with a tight range of 0.0449 CDF (High: 2.0244 / Low: 1.9795).

November Spread (Volatile) ±0.8996

January Spread (Stable) ±0.0449

Growth Streaks & Declines

Trends

Between January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.3571 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.3571

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 2.3485) against the same month in 2022 (average: 1.9491), the exchange rate shifted by +0.3994 (+20.49%).

2023 Avg (July) 2.3485

2022 Avg (July) 1.9491

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.0244	1.9795	2.0024
February	2.0266	1.9740	2.0097
March	2.0501	1.9640	2.0142
April	2.1355	1.9922	2.0318
May	2.2825	1.9872	2.1346
June	2.3444	2.2654	2.3035
July	2.4217	2.2920	2.3485
August	2.3745	2.2717	2.3030
September	2.3842	2.2133	2.2905
October	2.3000	2.1398	2.1952
November	2.3728	1.4732	1.8381
December	1.6603	1.5818	1.6163