2023 MWK to TOP Historical Review

YEARLY HIGH

0.0023 TOP

YEARLY LOW

0.0014 TOP

YEARLY AVERAGE

0.0021 TOP

2023 MWK to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MWK to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on March 10, valuing the pair at 0.0023. Conversely, the yearly low was recorded on December 30, dropping to 0.0014.

This high-to-low spread represents a total annual volatility of 0.0010 TOP. From a start-to-finish perspective, comparing the January average rate of 0.0023 to the December average rate of 0.0014, the exchange rate registered a net change of -38.73% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0023 was down 18.71% compared to the 2022 peak of 0.0029, 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 TOP

2022 Average 13 TOP

Yearly Trough Low 7 TOP

Transaction Impact: A difference of 4.80 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0024

0.0013

JanuMarcMayJulySeptNove

MWK to TOP 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 0.0023, compared to 0.0020 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.0023

H2 Avg (Jul–Dec) 0.0020

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0008 TOP (High: 0.0022 / Low: 0.0014). On the other end, December was the most stable month, with a tight range of 0.0000 TOP (High: 0.0014 / Low: 0.0014).

November Spread (Volatile) ±0.0008

December Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

Between January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0004 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.0023) against the same month in 2022 (average: 0.0028), the exchange rate shifted by -0.0005 (-17.68%).

2023 Avg (March) 0.0023

2022 Avg (March) 0.0028

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0023	0.0023	0.0023
February	0.0023	0.0022	0.0023
March	0.0023	0.0022	0.0023
April	0.0023	0.0023	0.0023
May	0.0023	0.0023	0.0023
June	0.0023	0.0022	0.0023
July	0.0023	0.0022	0.0022
August	0.0023	0.0022	0.0022
September	0.0023	0.0022	0.0022
October	0.0022	0.0021	0.0021
November	0.0022	0.0014	0.0017
December	0.0014	0.0014	0.0014