2023 PEN to MWK Historical Review

YEARLY HIGH

455.9783 MWK

YEARLY LOW

262.9113 MWK

YEARLY AVERAGE

303.7762 MWK

2023 PEN to MWK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PEN to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 455.9783. Conversely, the yearly low was recorded on January 26, dropping to 262.9113.

This high-to-low spread represents a total annual volatility of 193.0671 MWK. From a start-to-finish perspective, comparing the January average rate of 267.6396 to the December average rate of 450.8757, the exchange rate registered a net change of 68.46% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 455.9783 was up 65.65% compared to the 2022 peak of 275.2658, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,279,892 MWK

2022 Average 1,216,570 MWK

Yearly Trough Low 1,314,556 MWK

Transaction Impact: A difference of 965,335.26 MWK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

469.2193

249.0960

JanuMarcMayJulySeptNove

PEN 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 273.1615, compared to 334.3908 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 61.2293 points.

H1 Avg (Jan–Jun) 273.1615

H2 Avg (Jul–Dec) 334.3908

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 157.2827 MWK (High: 451.3130 / Low: 294.0302). On the other end, May was the most stable month, with a tight range of 5.4800 MWK (High: 281.6438 / Low: 276.1639).

November Spread (Volatile) ±157.2827

May Spread (Stable) ±5.4800

Growth Streaks & Declines

Trends

Between February and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.8802 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.8802

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 450.8757) against the same month in 2022 (average: 267.9424), the exchange rate shifted by +182.9333 (+68.27%).

2023 Avg (December) 450.8757

2022 Avg (December) 267.9424

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	271.7380	262.9113	267.6396
February	270.0020	263.6550	267.4396
March	276.7173	268.2567	271.8403
April	277.2304	269.3752	272.6605
May	281.6438	276.1639	278.3328
June	290.6226	276.9887	281.0564
July	296.1159	288.4219	292.1798
August	295.9082	283.4049	291.2995
September	299.4580	284.0909	291.2586
October	305.0986	285.0767	298.9147
November	451.3130	294.0302	381.8164
December	455.9783	445.0130	450.8757