2024 MWK to IRR Historical Review

YEARLY HIGH

25.1869 IRR

YEARLY LOW

24.1236 IRR

YEARLY AVERAGE

24.4372 IRR

2024 MWK to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MWK to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 21, valuing the pair at 25.1869. Conversely, the yearly low was recorded on March 29, dropping to 24.1236.

This high-to-low spread represents a total annual volatility of 1.0632 IRR. From a start-to-finish perspective, comparing the January average rate of 24.9892 to the December average rate of 24.3332, the exchange rate registered a net change of -2.62% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 25.1869 was down 39.72% compared to the 2023 peak of 41.7824, 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 125,934 IRR

2023 Average 190,664 IRR

Yearly Trough Low 120,618 IRR

Transaction Impact: A difference of 5,316.24 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

25.0629

24.1783

JanuMarcMayJulySeptNove

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)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 24.5887, compared to 24.2857 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3029 points.

H1 Avg (Jan–Jun) 24.5887

H2 Avg (Jul–Dec) 24.2857

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 1.0632 IRR (High: 25.1869 / Low: 24.1236). On the other end, July was the most stable month, with a tight range of 0.1319 IRR (High: 24.3822 / Low: 24.2502).

March Spread (Volatile) ±1.0632

July Spread (Stable) ±0.1319

Growth Streaks & Declines

Trends

Between 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 March and April, when the average rate fell by 0.4987 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.4987

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2024: 24.7507) against the same month in 2023 (average: 41.0680), the exchange rate shifted by -16.3173 (-39.73%).

2024 Avg (March) 24.7507

2023 Avg (March) 41.0680

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	25.0731	24.9380	24.9892
February	25.0276	24.7532	24.9726
March	25.1869	24.1236	24.7507
April	24.3323	24.1671	24.2520
May	24.3876	24.1671	24.2744
June	24.3901	24.1502	24.2933
July	24.3822	24.2502	24.2894
August	24.4681	24.2468	24.3054
September	24.4059	24.1600	24.2682
October	24.3145	24.1825	24.2581
November	24.3170	24.1607	24.2601
December	24.4640	24.2356	24.3332