2023 MWK to SGD Historical Review

YEARLY HIGH

0.0013 SGD

YEARLY LOW

0.0008 SGD

YEARLY AVERAGE

0.0012 SGD

2023 MWK to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MWK to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on June 25, valuing the pair at 0.0013. Conversely, the yearly low was recorded on December 30, dropping to 0.0008.

This high-to-low spread represents a total annual volatility of 0.0006 SGD. From a start-to-finish perspective, comparing the January average rate of 0.0013 to the December average rate of 0.0008, the exchange rate registered a net change of -38.95% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0013 was down 21.92% compared to the 2022 peak of 0.0017, 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 7 SGD

2022 Average 7 SGD

Yearly Trough Low 4 SGD

Transaction Impact: A difference of 2.76 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0014

0.0007

JanuMarcMayJulySeptNove

MWK to SGD 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 0.0013, compared to 0.0011 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.0013

H2 Avg (Jul–Dec) 0.0011

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0004 SGD (High: 0.0012 / Low: 0.0008). On the other end, December was the most stable month, with a tight range of 0.0000 SGD (High: 0.0008 / Low: 0.0008).

November Spread (Volatile) ±0.0004

December Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

Between January and March, 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 October and November, when the average rate fell by 0.0002 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 0.0013) against the same month in 2022 (average: 0.0014), the exchange rate shifted by -0.0001 (-7.64%).

2023 Avg (June) 0.0013

2022 Avg (June) 0.0014

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0013	0.0013	0.0013
February	0.0013	0.0013	0.0013
March	0.0013	0.0013	0.0013
April	0.0013	0.0013	0.0013
May	0.0013	0.0013	0.0013
June	0.0013	0.0013	0.0013
July	0.0013	0.0013	0.0013
August	0.0013	0.0012	0.0013
September	0.0013	0.0012	0.0013
October	0.0013	0.0012	0.0012
November	0.0012	0.0008	0.0010
December	0.0008	0.0008	0.0008