2024 MWK to NGN Historical Review

YEARLY HIGH

0.9779 NGN

YEARLY LOW

0.5103 NGN

YEARLY AVERAGE

0.8526 NGN

2024 MWK to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MWK to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on November 22, valuing the pair at 0.9779. Conversely, the yearly low was recorded on January 17, dropping to 0.5103.

This high-to-low spread represents a total annual volatility of 0.4676 NGN. From a start-to-finish perspective, comparing the January average rate of 0.5419 to the December average rate of 0.9064, the exchange rate registered a net change of 67.27% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.9779 was up 20.90% compared to the 2023 peak of 0.8088, 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 4,890 NGN

2023 Average 2,810 NGN

Yearly Trough Low 2,552 NGN

Transaction Impact: A difference of 2,337.95 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1.0073

0.4996

JanuMarcMayJulySeptNove

MWK to NGN 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 0.7791, compared to 0.9260 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1469 points.

H1 Avg (Jan–Jun) 0.7791

H2 Avg (Jul–Dec) 0.9260

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.4221 NGN (High: 0.9548 / Low: 0.5327). On the other end, October was the most stable month, with a tight range of 0.0297 NGN (High: 0.9635 / Low: 0.9339).

February Spread (Volatile) ±0.4221

October Spread (Stable) ±0.0297

Growth Streaks & Declines

Trends

Between April and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.1633 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.1633

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 0.9650) against the same month in 2023 (average: 0.5786), the exchange rate shifted by +0.3864 (+66.78%).

2024 Avg (November) 0.9650

2023 Avg (November) 0.5786

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5697	0.5103	0.5419
February	0.9548	0.5327	0.8172
March	0.9573	0.8034	0.9003
April	0.8182	0.6914	0.7370
May	0.8734	0.7094	0.8178
June	0.8755	0.8106	0.8606
July	0.9580	0.8103	0.8772
August	0.9588	0.9077	0.9218
September	0.9622	0.9166	0.9418
October	0.9635	0.9339	0.9439
November	0.9779	0.9472	0.9650
December	0.9710	0.8926	0.9064