2023 MWK to ETB Historical Review

YEARLY HIGH

0.0539 ETB

YEARLY LOW

0.0330 ETB

YEARLY AVERAGE

0.0494 ETB

2023 MWK to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MWK to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on June 28, valuing the pair at 0.0539. Conversely, the yearly low was recorded on December 16, dropping to 0.0330.

This high-to-low spread represents a total annual volatility of 0.0209 ETB. From a start-to-finish perspective, comparing the January average rate of 0.0524 to the December average rate of 0.0333, the exchange rate registered a net change of -36.40% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0539 was down 15.52% compared to the 2022 peak of 0.0638, 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 270 ETB

2022 Average 281 ETB

Yearly Trough Low 165 ETB

Transaction Impact: A difference of 104.46 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0553

0.0313

JanuMarcMayJulySeptNove

MWK to ETB 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 0.0527, compared to 0.0461 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0066 points.

H1 Avg (Jan–Jun) 0.0527

H2 Avg (Jul–Dec) 0.0461

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0170 ETB (High: 0.0501 / Low: 0.0331). On the other end, July was the most stable month, with a tight range of 0.0004 ETB (High: 0.0523 / Low: 0.0519).

November Spread (Volatile) ±0.0170

July Spread (Stable) ±0.0004

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 0.0082 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0082

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 0.0533) against the same month in 2022 (average: 0.0534), the exchange rate shifted by -0.0001 (-0.26%).

2023 Avg (June) 0.0533

2022 Avg (June) 0.0534

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0529	0.0522	0.0524
February	0.0527	0.0518	0.0523
March	0.0529	0.0513	0.0524
April	0.0533	0.0526	0.0529
May	0.0532	0.0527	0.0530
June	0.0539	0.0519	0.0533
July	0.0523	0.0519	0.0521
August	0.0528	0.0504	0.0512
September	0.0525	0.0498	0.0509
October	0.0515	0.0477	0.0485
November	0.0501	0.0331	0.0403
December	0.0335	0.0330	0.0333