2023 MWK to GHS Historical Review

YEARLY HIGH

0.0126 GHS

YEARLY LOW

0.0071 GHS

YEARLY AVERAGE

0.0106 GHS

2023 MWK to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MWK to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on February 23, valuing the pair at 0.0126. Conversely, the yearly low was recorded on November 22, dropping to 0.0071.

This high-to-low spread represents a total annual volatility of 0.0055 GHS. From a start-to-finish perspective, comparing the January average rate of 0.0112 to the December average rate of 0.0071, the exchange rate registered a net change of -36.22% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0126 was down 11.78% compared to the 2022 peak of 0.0142, 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 63 GHS

2022 Average 48 GHS

Yearly Trough Low 35 GHS

Transaction Impact: A difference of 27.32 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0127

0.0066

JanuMarcMayJulySeptNove

MWK to GHS 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 0.0114, compared to 0.0097 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0018 points.

H1 Avg (Jan–Jun) 0.0114

H2 Avg (Jul–Dec) 0.0097

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0041 GHS (High: 0.0122 / Low: 0.0081). On the other end, December was the most stable month, with a tight range of 0.0000 GHS (High: 0.0072 / Low: 0.0071).

January Spread (Volatile) ±0.0041

December Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0016 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0016

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.0122) against the same month in 2022 (average: 0.0081), the exchange rate shifted by +0.0041 (+50.62%).

2023 Avg (February) 0.0122

2022 Avg (February) 0.0081

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0122	0.0081	0.0112
February	0.0126	0.0119	0.0122
March	0.0125	0.0114	0.0120
April	0.0117	0.0105	0.0112
May	0.0116	0.0103	0.0111
June	0.0113	0.0108	0.0111
July	0.0110	0.0108	0.0109
August	0.0108	0.0103	0.0105
September	0.0109	0.0104	0.0106
October	0.0107	0.0100	0.0103
November	0.0107	0.0071	0.0086
December	0.0072	0.0071	0.0071