2023 MWK to HKD Historical Review

YEARLY HIGH

0.0078 HKD

YEARLY LOW

0.0046 HKD

YEARLY AVERAGE

0.0071 HKD

2023 MWK to HKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MWK to HKD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 10, valuing the pair at 0.0078. Conversely, the yearly low was recorded on December 17, dropping to 0.0046.

This high-to-low spread represents a total annual volatility of 0.0031 HKD. From a start-to-finish perspective, comparing the January average rate of 0.0076 to the December average rate of 0.0046, the exchange rate registered a net change of -39.34% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0078 was down 20.74% compared to the 2022 peak of 0.0098, 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 39 HKD

2022 Average 42 HKD

Yearly Trough Low 23 HKD

Transaction Impact: A difference of 15.74 HKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0080

0.0043

JanuMarcMayJulySeptNove

MWK to HKD 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 0.0076, compared to 0.0065 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0011 points.

H1 Avg (Jan–Jun) 0.0076

H2 Avg (Jul–Dec) 0.0065

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0024 HKD (High: 0.0070 / Low: 0.0046). On the other end, December was the most stable month, with a tight range of 0.0000 HKD (High: 0.0046 / Low: 0.0046).

November Spread (Volatile) ±0.0024

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 0.0012 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0012

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.0076) against the same month in 2022 (average: 0.0096), the exchange rate shifted by -0.0020 (-20.72%).

2023 Avg (March) 0.0076

2022 Avg (March) 0.0096

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0077	0.0076	0.0076
February	0.0077	0.0076	0.0076
March	0.0078	0.0075	0.0076
April	0.0077	0.0076	0.0077
May	0.0077	0.0076	0.0076
June	0.0077	0.0074	0.0076
July	0.0075	0.0074	0.0074
August	0.0075	0.0072	0.0073
September	0.0075	0.0070	0.0072
October	0.0072	0.0067	0.0068
November	0.0070	0.0046	0.0056
December	0.0046	0.0046	0.0046