2023 MWK to CNY Historical Review

YEARLY HIGH

0.0071 CNY

YEARLY LOW

0.0042 CNY

YEARLY AVERAGE

0.0064 CNY

2023 MWK to CNY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MWK to CNY exchange rate experienced significant fluctuation. The market reached its absolute peak on June 28, valuing the pair at 0.0071. Conversely, the yearly low was recorded on December 17, dropping to 0.0042.

This high-to-low spread represents a total annual volatility of 0.0029 CNY. From a start-to-finish perspective, comparing the January average rate of 0.0066 to the December average rate of 0.0042, the exchange rate registered a net change of -36.34% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0071 was down 14.51% compared to the 2022 peak of 0.0083, 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 36 CNY

2022 Average 36 CNY

Yearly Trough Low 21 CNY

Transaction Impact: A difference of 14.69 CNY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0073

0.0040

JanuMarcMayJulySeptNove

MWK to CNY 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 0.0068, compared to 0.0060 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0007 points.

H1 Avg (Jan–Jun) 0.0068

H2 Avg (Jul–Dec) 0.0060

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0023 CNY (High: 0.0065 / Low: 0.0042). On the other end, December was the most stable month, with a tight range of 0.0001 CNY (High: 0.0043 / Low: 0.0042).

November Spread (Volatile) ±0.0023

December Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0011 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0011

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 0.0070) against the same month in 2022 (average: 0.0069), the exchange rate shifted by +0.0001 (+1.49%).

2023 Avg (June) 0.0070

2022 Avg (June) 0.0069

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0067	0.0065	0.0066
February	0.0068	0.0065	0.0067
March	0.0068	0.0065	0.0067
April	0.0068	0.0067	0.0067
May	0.0069	0.0067	0.0068
June	0.0071	0.0069	0.0070
July	0.0069	0.0067	0.0068
August	0.0069	0.0066	0.0067
September	0.0070	0.0066	0.0067
October	0.0066	0.0062	0.0063
November	0.0065	0.0042	0.0052
December	0.0043	0.0042	0.0042