2023 MWK to CVE Historical Review

YEARLY HIGH

0.1029 CVE

YEARLY LOW

0.0591 CVE

YEARLY AVERAGE

0.0923 CVE

2023 MWK to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MWK to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on March 8, valuing the pair at 0.1029. Conversely, the yearly low was recorded on December 30, dropping to 0.0591.

This high-to-low spread represents a total annual volatility of 0.0437 CVE. From a start-to-finish perspective, comparing the January average rate of 0.1002 to the December average rate of 0.0601, the exchange rate registered a net change of -40.04% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1029 was down 21.14% compared to the 2022 peak of 0.1304, 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 514 CVE

2022 Average 568 CVE

Yearly Trough Low 296 CVE

Transaction Impact: A difference of 218.64 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1045

0.0560

JanuMarcMayJulySeptNove

MWK to CVE 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 0.0997, compared to 0.0849 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0148 points.

H1 Avg (Jan–Jun) 0.0997

H2 Avg (Jul–Dec) 0.0849

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0330 CVE (High: 0.0927 / Low: 0.0597). On the other end, April was the most stable month, with a tight range of 0.0022 CVE (High: 0.0993 / Low: 0.0971).

November Spread (Volatile) ±0.0330

April Spread (Stable) ±0.0022

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 0.0169 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0169

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.1004) against the same month in 2022 (average: 0.1239), the exchange rate shifted by -0.0236 (-19.00%).

2023 Avg (March) 0.1004

2022 Avg (March) 0.1239

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1022	0.0987	0.1002
February	0.1017	0.0983	0.1004
March	0.1029	0.0983	0.1004
April	0.0993	0.0971	0.0983
May	0.1010	0.0977	0.0992
June	0.1024	0.0961	0.0996
July	0.0973	0.0931	0.0950
August	0.0962	0.0922	0.0940
September	0.0980	0.0930	0.0952
October	0.0968	0.0899	0.0911
November	0.0927	0.0597	0.0741
December	0.0614	0.0591	0.0601