2023 MWK to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MWK to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MWK to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on March 3, valuing the pair at 8.6380. Conversely, the yearly low was recorded on December 16, dropping to 5.0843.
This high-to-low spread represents a total annual volatility of 3.5537 GNF. From a start-to-finish perspective, comparing the January average rate of 8.4705 to the December average rate of 5.1067, the exchange rate registered a net change of -39.71% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 8.6380 was down 24.61% compared to the 2022 peak of 11.4571, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MWK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
MWK to GNF Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 8.4221, compared to 7.1593 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.2628 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was November, with a trading range of 2.6300 GNF (High: 7.7326 / Low: 5.1026). On the other end, December was the most stable month, with a tight range of 0.0351 GNF (High: 5.1194 / Low: 5.0843).
Growth Streaks & Declines
TrendsBetween 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 1.2761 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2023: 8.4127) against the same month in 2022 (average: 11.0276), the exchange rate shifted by -2.6149 (-23.71%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 8.6232 | 8.3827 | 8.4705 |
| February | 8.5905 | 8.3493 | 8.4236 |
| March | 8.6380 | 8.2005 | 8.4127 |
| April | 8.4728 | 8.3532 | 8.3957 |
| May | 8.4679 | 8.3689 | 8.4121 |
| June | 8.5012 | 8.1818 | 8.4182 |
| July | 8.2750 | 8.1561 | 8.1868 |
| August | 8.2921 | 7.8669 | 8.0091 |
| September | 8.1697 | 7.7538 | 7.9350 |
| October | 7.9663 | 7.4033 | 7.4973 |
| November | 7.7326 | 5.1026 | 6.2211 |
| December | 5.1194 | 5.0843 | 5.1067 |