2023 MZN to MWK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MZN to MWK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MZN to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 16, valuing the pair at 26.4965. Conversely, the yearly low was recorded on March 10, dropping to 15.8340.
This high-to-low spread represents a total annual volatility of 10.6625 MWK. From a start-to-finish perspective, comparing the January average rate of 16.0158 to the December average rate of 26.3705, the exchange rate registered a net change of 64.65% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 26.4965 was up 63.92% compared to the 2022 peak of 16.1645, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MZN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
MZN 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 16.0462, compared to 19.5272 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.4811 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was November, with a trading range of 8.9356 MWK (High: 26.3822 / Low: 17.4466). On the other end, May was the most stable month, with a tight range of 0.1273 MWK (High: 16.1195 / Low: 15.9922).
Growth Streaks & Declines
TrendsBetween June and December, 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 March and April, when the average rate fell by 0.0353 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 26.3705) against the same month in 2022 (average: 16.0460), the exchange rate shifted by +10.3245 (+64.34%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 16.0879 | 15.8530 | 16.0158 |
| February | 16.2121 | 15.9196 | 16.0603 |
| March | 16.4315 | 15.8340 | 16.0727 |
| April | 16.0924 | 15.9094 | 16.0374 |
| May | 16.1195 | 15.9922 | 16.0523 |
| June | 16.4813 | 15.8394 | 16.0384 |
| July | 16.6111 | 16.3601 | 16.4837 |
| August | 17.0848 | 16.3407 | 16.8412 |
| September | 17.3790 | 16.4297 | 16.9754 |
| October | 18.1723 | 16.9400 | 17.9674 |
| November | 26.3822 | 17.4466 | 22.5251 |
| December | 26.4965 | 26.3198 | 26.3705 |