2023 MWK to XOF Historical Review

YEARLY HIGH

0.6113 XOF

YEARLY LOW

0.3508 XOF

YEARLY AVERAGE

0.5480 XOF

2023 MWK to XOF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MWK to XOF exchange rate experienced significant fluctuation. The market reached its absolute peak on March 7, valuing the pair at 0.6113. Conversely, the yearly low was recorded on December 27, dropping to 0.3508.

This high-to-low spread represents a total annual volatility of 0.2605 XOF. From a start-to-finish perspective, comparing the January average rate of 0.5943 to the December average rate of 0.3565, the exchange rate registered a net change of -40.01% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.6113 was down 21.01% compared to the 2022 peak of 0.7739, 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 3,057 XOF

2022 Average 3,371 XOF

Yearly Trough Low 1,754 XOF

Transaction Impact: A difference of 1,302.50 XOF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6213

0.3325

JanuMarcMayJulySeptNove

MWK to XOF 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 0.5915, compared to 0.5045 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0870 points.

H1 Avg (Jan–Jun) 0.5915

H2 Avg (Jul–Dec) 0.5045

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.1971 XOF (High: 0.5513 / Low: 0.3542). On the other end, December was the most stable month, with a tight range of 0.0110 XOF (High: 0.3618 / Low: 0.3508).

November Spread (Volatile) ±0.1971

December Spread (Stable) ±0.0110

Growth Streaks & Declines

Trends

Between April and June, 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 0.1017 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.1017

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.5963) against the same month in 2022 (average: 0.7347), the exchange rate shifted by -0.1384 (-18.83%).

2023 Avg (March) 0.5963

2022 Avg (March) 0.7347

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6080	0.5868	0.5943
February	0.6059	0.5800	0.5972
March	0.6113	0.5831	0.5963
April	0.5930	0.5740	0.5828
May	0.5987	0.5722	0.5881
June	0.6013	0.5715	0.5904
July	0.5744	0.5538	0.5643
August	0.5712	0.5502	0.5592
September	0.5826	0.5525	0.5665
October	0.5787	0.5333	0.5412
November	0.5513	0.3542	0.4395
December	0.3618	0.3508	0.3565