2023 MWK to MZN Historical Review

YEARLY HIGH

0.0632 MZN

YEARLY LOW

0.0377 MZN

YEARLY AVERAGE

0.0577 MZN

2023 MWK to MZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MWK to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on March 10, valuing the pair at 0.0632. Conversely, the yearly low was recorded on December 17, dropping to 0.0377.

This high-to-low spread represents a total annual volatility of 0.0254 MZN. From a start-to-finish perspective, comparing the January average rate of 0.0624 to the December average rate of 0.0379, the exchange rate registered a net change of -39.27% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0632 was down 21.07% compared to the 2022 peak of 0.0800, 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 316 MZN

2022 Average 347 MZN

Yearly Trough Low 189 MZN

Transaction Impact: A difference of 127.07 MZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0649

0.0355

JanuMarcMayJulySeptNove

MWK to MZN 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 0.0623, compared to 0.0531 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0092 points.

H1 Avg (Jan–Jun) 0.0623

H2 Avg (Jul–Dec) 0.0531

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0194 MZN (High: 0.0573 / Low: 0.0379). On the other end, December was the most stable month, with a tight range of 0.0003 MZN (High: 0.0380 / Low: 0.0377).

November Spread (Volatile) ±0.0194

December Spread (Stable) ±0.0003

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 0.0095 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0095

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.0622) against the same month in 2022 (average: 0.0787), the exchange rate shifted by -0.0165 (-20.93%).

2023 Avg (March) 0.0622

2022 Avg (March) 0.0787

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0631	0.0622	0.0624
February	0.0628	0.0617	0.0623
March	0.0632	0.0609	0.0622
April	0.0629	0.0621	0.0624
May	0.0625	0.0620	0.0623
June	0.0631	0.0607	0.0624
July	0.0611	0.0602	0.0607
August	0.0612	0.0585	0.0594
September	0.0609	0.0575	0.0589
October	0.0590	0.0550	0.0557
November	0.0573	0.0379	0.0462
December	0.0380	0.0377	0.0379