2023 SAR to MWK Historical Review

YEARLY HIGH

451.1671 MWK

YEARLY LOW

269.5212 MWK

YEARLY AVERAGE

302.8260 MWK

2023 SAR to MWK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SAR to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 16, valuing the pair at 451.1671. Conversely, the yearly low was recorded on March 10, dropping to 269.5212.

This high-to-low spread represents a total annual volatility of 181.6459 MWK. From a start-to-finish perspective, comparing the January average rate of 272.3911 to the December average rate of 449.0684, the exchange rate registered a net change of 64.86% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 451.1671 was up 64.32% compared to the 2022 peak of 274.5602, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,255,835 MWK

2022 Average 1,242,989 MWK

Yearly Trough Low 1,347,606 MWK

Transaction Impact: A difference of 908,229.49 MWK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

466.7361

254.7233

JanuMarcMayJulySeptNove

SAR 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 273.1824, compared to 332.4697 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 59.2874 points.

H1 Avg (Jan–Jun) 273.1824

H2 Avg (Jul–Dec) 332.4697

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 151.9628 MWK (High: 449.1393 / Low: 297.1765). On the other end, May was the most stable month, with a tight range of 2.0315 MWK (High: 274.4089 / Low: 272.3774).

November Spread (Volatile) ±151.9628

May Spread (Stable) ±2.0315

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 March and April, when the average rate fell by 0.3725 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.3725

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 449.0684) against the same month in 2022 (average: 272.6217), the exchange rate shifted by +176.4467 (+64.72%).

2023 Avg (December) 449.0684

2022 Avg (December) 272.6217

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	273.8670	269.7153	272.3911
February	276.0987	271.4361	273.5703
March	279.4482	269.5212	273.4553
April	273.9573	270.8186	273.0828
May	274.4089	272.3774	273.3797
June	280.9221	269.9230	273.2148
July	281.0524	278.6491	280.2989
August	290.8949	278.2173	286.6818
September	296.0503	279.8939	289.1693
October	309.2854	288.3893	305.9290
November	449.1393	297.1765	383.6709
December	451.1671	448.3818	449.0684