2023 NZD to MWK Historical Review

YEARLY HIGH

1068.4153 MWK

YEARLY LOW

616.2967 MWK

YEARLY AVERAGE

697.5231 MWK

2023 NZD to MWK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NZD to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 1068.4153. Conversely, the yearly low was recorded on September 6, dropping to 616.2967.

This high-to-low spread represents a total annual volatility of 452.1186 MWK. From a start-to-finish perspective, comparing the January average rate of 655.4120 to the December average rate of 1049.2269, the exchange rate registered a net change of 60.09% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1068.4153 was up 61.22% compared to the 2022 peak of 662.7140, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,342,077 MWK

2022 Average 2,953,414 MWK

Yearly Trough Low 3,081,484 MWK

Transaction Impact: A difference of 2,260,593.09 MWK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1091.2779

586.6652

JanuMarcMayJulySeptNove

NZD 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 639.7766, compared to 755.2696 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 115.4931 points.

H1 Avg (Jan–Jun) 639.7766

H2 Avg (Jul–Dec) 755.2696

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 380.6733 MWK (High: 1036.4445 / Low: 655.7713). On the other end, April was the most stable month, with a tight range of 21.3772 MWK (High: 648.2358 / Low: 626.8585).

November Spread (Volatile) ±380.6733

April Spread (Stable) ±21.3772

Growth Streaks & Declines

Trends

Between September and December, 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 January and February, when the average rate fell by 10.8272 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -10.8272

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 1049.2269) against the same month in 2022 (average: 651.3822), the exchange rate shifted by +397.8446 (+61.08%).

2023 Avg (December) 1049.2269

2022 Avg (December) 651.3822

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	666.9222	638.5525	655.4120
February	669.1562	631.0991	644.5848
March	654.4040	620.0252	637.3619
April	648.2358	626.8585	636.1166
May	654.4849	617.1233	636.4679
June	645.4151	617.7998	628.7162
July	672.6098	641.6921	654.3039
August	657.6852	635.7434	643.8743
September	660.5099	616.2967	642.9545
October	700.7638	642.5623	676.4494
November	1036.4445	655.7713	864.8089
December	1068.4153	1031.0611	1049.2269