2024 PEN to MWK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 PEN to MWK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the PEN to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on April 12, valuing the pair at 471.7316. Conversely, the yearly low was recorded on February 14, dropping to 433.8948.
This high-to-low spread represents a total annual volatility of 37.8368 MWK. From a start-to-finish perspective, comparing the January average rate of 451.0022 to the December average rate of 464.5654, the exchange rate registered a net change of 3.01% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 471.7316 was up 3.45% compared to the 2023 peak of 455.9783, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 PEN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
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)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 456.3286, compared to 461.8097 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 5.4811 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was March, with a trading range of 25.2676 MWK (High: 469.9410 / Low: 444.6734). On the other end, August was the most stable month, with a tight range of 5.2554 MWK (High: 467.2515 / Low: 461.9961).
Growth Streaks & Declines
TrendsBetween February and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 11.2908 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2024: 466.9208) against the same month in 2023 (average: 272.6605), the exchange rate shifted by +194.2603 (+71.25%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 455.8597 | 441.3697 | 451.0022 |
| February | 446.1191 | 433.8948 | 439.7114 |
| March | 469.9410 | 444.6734 | 457.3669 |
| April | 471.7316 | 459.7997 | 466.9208 |
| May | 469.7981 | 461.2155 | 464.7088 |
| June | 464.6815 | 452.2936 | 458.2616 |
| July | 466.7430 | 450.8934 | 460.5916 |
| August | 467.2515 | 461.9961 | 463.7473 |
| September | 466.8756 | 454.4065 | 460.3034 |
| October | 467.5398 | 459.9314 | 462.7316 |
| November | 462.9700 | 456.3017 | 458.9190 |
| December | 466.9512 | 461.4939 | 464.5654 |