2023 RWF to MWK Historical Review

YEARLY HIGH

1.3649 MWK

YEARLY LOW

0.8652 MWK

YEARLY AVERAGE

0.9771 MWK

2023 RWF to MWK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RWF to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 18, valuing the pair at 1.3649. Conversely, the yearly low was recorded on June 26, dropping to 0.8652.

This high-to-low spread represents a total annual volatility of 0.4996 MWK. From a start-to-finish perspective, comparing the January average rate of 0.9520 to the December average rate of 1.3433, the exchange rate registered a net change of 41.10% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.3649 was up 35.94% compared to the 2022 peak of 1.0041, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 6,824 MWK

2022 Average 4,501 MWK

Yearly Trough Low 4,326 MWK

Transaction Impact: A difference of 2,498.22 MWK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.3881

0.8506

JanuMarcMayJulySeptNove

RWF 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 0.9280, compared to 1.0263 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0983 points.

H1 Avg (Jan–Jun) 0.9280

H2 Avg (Jul–Dec) 1.0263

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.4630 MWK (High: 1.3649 / Low: 0.9019). On the other end, January was the most stable month, with a tight range of 0.0159 MWK (High: 0.9586 / Low: 0.9427).

November Spread (Volatile) ±0.4630

January Spread (Stable) ±0.0159

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 May and June, when the average rate fell by 0.0185 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0185

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 1.1650) against the same month in 2022 (average: 0.9649), the exchange rate shifted by +0.2001 (+20.73%).

2023 Avg (November) 1.1650

2022 Avg (November) 0.9649

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9586	0.9427	0.9520
February	0.9569	0.9337	0.9446
March	0.9605	0.9221	0.9386
April	0.9309	0.9020	0.9232
May	0.9216	0.9033	0.9139
June	0.9092	0.8652	0.8954
July	0.9084	0.8841	0.9000
August	0.9202	0.8898	0.9091
September	0.9248	0.8745	0.9013
October	0.9550	0.8863	0.9390
November	1.3649	0.9019	1.1650
December	1.3543	1.3323	1.3433