2023 MWK to SYP Historical Review

YEARLY HIGH

2.4833 SYP

YEARLY LOW

1.4845 SYP

YEARLY AVERAGE

2.2708 SYP

2023 MWK to SYP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MWK to SYP exchange rate experienced significant fluctuation. The market reached its absolute peak on March 10, valuing the pair at 2.4833. Conversely, the yearly low was recorded on December 17, dropping to 1.4845.

This high-to-low spread represents a total annual volatility of 0.9987 SYP. From a start-to-finish perspective, comparing the January average rate of 2.4557 to the December average rate of 1.4916, the exchange rate registered a net change of -39.26% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.4833 was down 21.14% compared to the 2022 peak of 3.1489, 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 12,416 SYP

2022 Average 13,633 SYP

Yearly Trough Low 7,423 SYP

Transaction Impact: A difference of 4,993.55 SYP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.5521

1.3952

JanuMarcMayJulySeptNove

MWK to SYP 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 2.4511, compared to 2.0905 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3606 points.

H1 Avg (Jan–Jun) 2.4511

H2 Avg (Jul–Dec) 2.0905

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.7624 SYP (High: 2.2540 / Low: 1.4916). On the other end, December was the most stable month, with a tight range of 0.0094 SYP (High: 1.4939 / Low: 1.4845).

November Spread (Volatile) ±0.7624

December Spread (Stable) ±0.0094

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 0.3727 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.3727

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 2.4473) against the same month in 2022 (average: 3.0964), the exchange rate shifted by -0.6491 (-20.96%).

2023 Avg (March) 2.4473

2022 Avg (March) 3.0964

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.4803	2.4450	2.4557
February	2.4699	2.4253	2.4482
March	2.4833	2.3948	2.4473
April	2.4734	2.4453	2.4528
May	2.4596	2.4412	2.4506
June	2.4814	2.3848	2.4522
July	2.4043	2.3838	2.3898
August	2.4072	2.3023	2.3369
September	2.3932	2.2625	2.3170
October	2.3229	2.1660	2.1902
November	2.2540	1.4916	1.8175
December	1.4939	1.4845	1.4916