2023 MWK to IRR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MWK to IRR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MWK to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 10, valuing the pair at 41.7824. Conversely, the yearly low was recorded on December 30, dropping to 24.9129.
This high-to-low spread represents a total annual volatility of 16.8695 IRR. From a start-to-finish perspective, comparing the January average rate of 40.9863 to the December average rate of 25.0705, the exchange rate registered a net change of -38.83% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 41.7824 was down 21.11% compared to the 2022 peak of 52.9625, 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 IRR 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 41.1555, compared to 35.1558 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 5.9998 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was November, with a trading range of 12.8313 IRR (High: 37.9202 / Low: 25.0890). On the other end, December was the most stable month, with a tight range of 0.2160 IRR (High: 25.1288 / Low: 24.9129).
Growth Streaks & Declines
TrendsNo 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 6.2644 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2023: 41.0680) against the same month in 2022 (average: 52.1170), the exchange rate shifted by -11.0490 (-21.20%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 41.3619 | 40.7517 | 40.9863 |
| February | 41.5330 | 40.5551 | 41.1368 |
| March | 41.7824 | 40.2945 | 41.0680 |
| April | 41.5923 | 41.1192 | 41.2536 |
| May | 41.3607 | 41.0549 | 41.2297 |
| June | 41.7516 | 40.1256 | 41.2587 |
| July | 40.4426 | 39.8685 | 40.1814 |
| August | 40.5385 | 38.7385 | 39.3236 |
| September | 40.2578 | 38.0594 | 38.9642 |
| October | 39.0618 | 36.4121 | 36.8297 |
| November | 37.9202 | 25.0890 | 30.5653 |
| December | 25.1288 | 24.9129 | 25.0705 |