2023 MWK to IDR Historical Review

YEARLY HIGH

15.3219 IDR

YEARLY LOW

9.1218 IDR

YEARLY AVERAGE

13.7561 IDR

2023 MWK to IDR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MWK to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 10, valuing the pair at 15.3219. Conversely, the yearly low was recorded on November 28, dropping to 9.1218.

This high-to-low spread represents a total annual volatility of 6.2001 IDR. From a start-to-finish perspective, comparing the January average rate of 14.8978 to the December average rate of 9.1916, the exchange rate registered a net change of -38.30% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 15.3219 was down 15.27% compared to the 2022 peak of 18.0832, 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 76,609 IDR

2022 Average 80,343 IDR

Yearly Trough Low 45,609 IDR

Transaction Impact: A difference of 31,000.47 IDR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

15.4708

8.6208

JanuMarcMayJulySeptNove

MWK to IDR 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 14.6935, compared to 12.8187 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.8748 points.

H1 Avg (Jan–Jun) 14.6935

H2 Avg (Jul–Dec) 12.8187

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 4.9824 IDR (High: 14.1042 / Low: 9.1218). On the other end, December was the most stable month, with a tight range of 0.1724 IDR (High: 9.2953 / Low: 9.1228).

November Spread (Volatile) ±4.9824

December Spread (Stable) ±0.1724

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 2.4557 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -2.4557

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 14.8999) against the same month in 2022 (average: 17.6857), the exchange rate shifted by -2.7858 (-15.75%).

2023 Avg (March) 14.8999

2022 Avg (March) 17.6857

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	15.2415	14.5697	14.8978
February	14.9080	14.5041	14.7770
March	15.3219	14.6393	14.8999
April	14.6451	14.2878	14.5181
May	14.6707	14.3064	14.4804
June	14.8087	14.3037	14.5876
July	14.5044	14.2208	14.3240
August	14.5935	14.0182	14.1984
September	14.6214	13.8514	14.1785
October	14.3692	13.4904	13.7376
November	14.1042	9.1218	11.2820
December	9.2953	9.1228	9.1916