2024 MXN to MWK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MXN to MWK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MXN to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on April 9, valuing the pair at 105.9643. Conversely, the yearly low was recorded on December 31, dropping to 83.0959.
This high-to-low spread represents a total annual volatility of 22.8684 MWK. From a start-to-finish perspective, comparing the January average rate of 98.6541 to the December average rate of 85.6010, the exchange rate registered a net change of -13.23% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 105.9643 was up 6.55% compared to the 2023 peak of 99.4470, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 MXN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
MXN to MWK 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 100.0500, compared to 88.9985 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 11.0516 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was June, with a trading range of 9.6185 MWK (High: 102.0312 / Low: 92.4127). On the other end, February was the most stable month, with a tight range of 1.2002 MWK (High: 99.0330 / Low: 97.8327).
Growth Streaks & Declines
TrendsBetween February and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 7.8617 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2024: 103.2227) against the same month in 2023 (average: 56.6968), the exchange rate shifted by +46.5258 (+82.06%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 99.9506 | 97.1930 | 98.6541 |
| February | 99.0330 | 97.8327 | 98.5029 |
| March | 105.2466 | 98.6912 | 101.3308 |
| April | 105.9643 | 100.9322 | 103.2227 |
| May | 104.8351 | 101.8603 | 103.2258 |
| June | 102.0312 | 92.4127 | 95.3641 |
| July | 98.2726 | 92.4293 | 95.7738 |
| August | 93.0256 | 87.4618 | 90.4605 |
| September | 90.8089 | 86.3298 | 88.5475 |
| October | 90.2751 | 86.0671 | 88.2247 |
| November | 87.5533 | 83.7899 | 85.3833 |
| December | 86.3389 | 83.0959 | 85.6010 |