2023 MWK to TRY Historical Review

YEARLY HIGH

0.0259 TRY

YEARLY LOW

0.0170 TRY

YEARLY AVERAGE

0.0212 TRY

2023 MWK to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MWK to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on August 3, valuing the pair at 0.0259. Conversely, the yearly low was recorded on November 14, dropping to 0.0170.

This high-to-low spread represents a total annual volatility of 0.0089 TRY. From a start-to-finish perspective, comparing the January average rate of 0.0184 to the December average rate of 0.0173, the exchange rate registered a net change of -5.88% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0259 was up 27.29% compared to the 2022 peak of 0.0204, 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 130 TRY

2022 Average 89 TRY

Yearly Trough Low 85 TRY

Transaction Impact: A difference of 44.41 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0260

0.0165

JanuMarcMayJulySeptNove

MWK to TRY 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 0.0194, compared to 0.0229 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0035 points.

H1 Avg (Jan–Jun) 0.0194

H2 Avg (Jul–Dec) 0.0229

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0086 TRY (High: 0.0257 / Low: 0.0170). On the other end, January was the most stable month, with a tight range of 0.0003 TRY (High: 0.0185 / Low: 0.0182).

November Spread (Volatile) ±0.0086

January Spread (Stable) ±0.0003

Growth Streaks & Declines

Trends

Between January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0036 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0036

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.0250) against the same month in 2022 (average: 0.0176), the exchange rate shifted by +0.0074 (+42.32%).

2023 Avg (August) 0.0250

2022 Avg (August) 0.0176

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0185	0.0182	0.0184
February	0.0185	0.0182	0.0184
March	0.0188	0.0181	0.0185
April	0.0192	0.0187	0.0189
May	0.0203	0.0190	0.0193
June	0.0256	0.0204	0.0231
July	0.0257	0.0246	0.0252
August	0.0259	0.0239	0.0250
September	0.0256	0.0243	0.0249
October	0.0254	0.0238	0.0243
November	0.0257	0.0170	0.0207
December	0.0176	0.0171	0.0173