2023 PGK to MWK Historical Review

YEARLY HIGH

453.2701 MWK

YEARLY LOW

283.4283 MWK

YEARLY AVERAGE

314.5316 MWK

2023 PGK to MWK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PGK to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 15, valuing the pair at 453.2701. Conversely, the yearly low was recorded on June 25, dropping to 283.4283.

This high-to-low spread represents a total annual volatility of 169.8418 MWK. From a start-to-finish perspective, comparing the January average rate of 290.4289 to the December average rate of 450.3021, the exchange rate registered a net change of 55.05% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 453.2701 was up 54.69% compared to the 2022 peak of 293.0251, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,266,351 MWK

2022 Average 1,323,239 MWK

Yearly Trough Low 1,417,141 MWK

Transaction Impact: A difference of 849,209.19 MWK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

466.4935

272.1967

JanuMarcMayJulySeptNove

PGK 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 290.3247, compared to 338.7385 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 48.4138 points.

H1 Avg (Jan–Jun) 290.3247

H2 Avg (Jul–Dec) 338.7385

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 157.2542 MWK (High: 452.1887 / Low: 294.9345). On the other end, January was the most stable month, with a tight range of 3.8300 MWK (High: 291.4958 / Low: 287.6658).

November Spread (Volatile) ±157.2542

January Spread (Stable) ±3.8300

Growth Streaks & Declines

Trends

Between 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 May and June, when the average rate fell by 1.8727 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -1.8727

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 450.3021) against the same month in 2022 (average: 290.6885), the exchange rate shifted by +159.6136 (+54.91%).

2023 Avg (December) 450.3021

2022 Avg (December) 290.6885

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	291.4958	287.6658	290.4289
February	293.9486	287.6056	290.8229
March	297.6771	287.5028	291.5437
April	291.9034	287.0952	290.5040
May	291.6312	285.3228	290.2609
June	298.7216	283.4283	288.3881
July	299.0608	290.9485	294.4096
August	306.3920	289.0868	297.2804
September	304.6050	288.9313	297.5868
October	316.1781	294.8599	309.5895
November	452.1887	294.9345	383.2628
December	453.2701	445.4405	450.3021