2023 NAD to MWK Historical Review

YEARLY HIGH

92.5855 MWK

YEARLY LOW

51.9193 MWK

YEARLY AVERAGE

61.4120 MWK

2023 NAD to MWK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NAD to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 17, valuing the pair at 92.5855. Conversely, the yearly low was recorded on May 27, dropping to 51.9193.

This high-to-low spread represents a total annual volatility of 40.6662 MWK. From a start-to-finish perspective, comparing the January average rate of 59.9106 to the December average rate of 90.1681, the exchange rate registered a net change of 50.50% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 92.5855 was up 38.66% compared to the 2022 peak of 66.7696, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 NAD based on timing:

Yearly Peak High 462,928 MWK

2022 Average 285,766 MWK

Yearly Trough Low 259,597 MWK

Transaction Impact: A difference of 203,330.96 MWK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

93.8097

50.1108

JanuMarcMayJulySeptNove

NAD to MWK 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 56.3948, compared to 66.4292 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 10.0344 points.

H1 Avg (Jan–Jun) 56.3948

H2 Avg (Jul–Dec) 66.4292

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 36.8157 MWK (High: 92.5020 / Low: 55.6863). On the other end, January was the most stable month, with a tight range of 2.1628 MWK (High: 60.9251 / Low: 58.7623).

November Spread (Volatile) ±36.8157

January Spread (Stable) ±2.1628

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 2.6101 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -2.6101

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 90.1681) against the same month in 2022 (average: 59.4550), the exchange rate shifted by +30.7132 (+51.66%).

2023 Avg (December) 90.1681

2022 Avg (December) 59.4550

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	60.9251	58.7623	59.9106
February	60.6173	55.7221	57.4333
March	57.6357	54.6858	56.1799
April	57.7487	55.2997	56.3624
May	56.1816	51.9193	53.7523
June	56.4760	52.0298	54.7301
July	59.7104	55.4547	57.6529
August	58.6754	54.6103	57.0702
September	58.6416	54.6232	57.1642
October	61.6568	55.3257	59.6200
November	92.5020	55.6863	76.8995
December	92.5855	88.1761	90.1681