2023 SBD to MWK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 SBD to MWK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the SBD to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 200.1278. Conversely, the yearly low was recorded on June 25, dropping to 121.6983.
This high-to-low spread represents a total annual volatility of 78.4295 MWK. From a start-to-finish perspective, comparing the January average rate of 123.8032 to the December average rate of 199.1688, the exchange rate registered a net change of 60.88% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 200.1278 was up 57.81% compared to the 2022 peak of 126.8127, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SBD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
SBD 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 123.8027, compared to 148.1637 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 24.3610 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was November, with a trading range of 67.3384 MWK (High: 199.9530 / Low: 132.6145). On the other end, May was the most stable month, with a tight range of 1.1328 MWK (High: 123.6021 / Low: 122.4693).
Growth Streaks & Declines
TrendsBetween 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 1.2375 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 199.1688) against the same month in 2022 (average: 124.6253), the exchange rate shifted by +74.5435 (+59.81%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 125.0347 | 122.3632 | 123.8032 |
| February | 126.3774 | 123.0698 | 124.6504 |
| March | 127.9325 | 123.0516 | 124.7698 |
| April | 124.3747 | 121.8732 | 123.5323 |
| May | 123.6021 | 122.4693 | 123.1331 |
| June | 126.4669 | 121.6983 | 122.9273 |
| July | 126.2189 | 123.6543 | 125.6763 |
| August | 130.3889 | 124.7206 | 128.4996 |
| September | 132.1285 | 124.3555 | 129.1173 |
| October | 137.5566 | 128.8029 | 136.0658 |
| November | 199.9530 | 132.6145 | 170.4542 |
| December | 200.1278 | 198.3245 | 199.1688 |