2023 MWK to VND Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MWK to VND Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MWK to VND exchange rate experienced significant fluctuation. The market reached its absolute peak on March 10, valuing the pair at 23.3991. Conversely, the yearly low was recorded on November 21, dropping to 14.3422.
This high-to-low spread represents a total annual volatility of 9.0569 VND. From a start-to-finish perspective, comparing the January average rate of 22.9383 to the December average rate of 14.4165, the exchange rate registered a net change of -37.15% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 23.3991 was down 18.24% compared to the 2022 peak of 28.6199, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MWK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
MWK to VND Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 22.9529, compared to 20.0688 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.8841 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was November, with a trading range of 7.5675 VND (High: 21.9097 / Low: 14.3422). On the other end, December was the most stable month, with a tight range of 0.1352 VND (High: 14.4781 / Low: 14.3429).
Growth Streaks & Declines
TrendsNo 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 3.7291 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2023: 22.9906) against the same month in 2022 (average: 28.1772), the exchange rate shifted by -5.1866 (-18.41%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 23.1401 | 22.8296 | 22.9383 |
| February | 23.3554 | 22.6357 | 23.0419 |
| March | 23.3991 | 22.4721 | 22.9906 |
| April | 23.1006 | 22.8304 | 22.9117 |
| May | 22.9858 | 22.7888 | 22.8872 |
| June | 23.2327 | 22.3726 | 22.9480 |
| July | 22.6507 | 22.4227 | 22.5045 |
| August | 22.7409 | 21.8095 | 22.1998 |
| September | 22.9189 | 21.9158 | 22.3378 |
| October | 22.5196 | 21.0392 | 21.3416 |
| November | 21.9097 | 14.3422 | 17.6125 |
| December | 14.4781 | 14.3429 | 14.4165 |