2023 SCR to MWK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 SCR to MWK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the SCR to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 10, valuing the pair at 130.5637. Conversely, the yearly low was recorded on January 18, dropping to 71.7320.
This high-to-low spread represents a total annual volatility of 58.8317 MWK. From a start-to-finish perspective, comparing the January average rate of 75.5932 to the December average rate of 125.4205, the exchange rate registered a net change of 65.92% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 130.5637 was up 61.83% compared to the 2022 peak of 80.6783, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SCR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
SCR 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 75.7225, compared to 93.4873 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 17.7648 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was November, with a trading range of 46.2400 MWK (High: 129.1860 / Low: 82.9460). On the other end, August was the most stable month, with a tight range of 4.5908 MWK (High: 82.2227 / Low: 77.6318).
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 May and June, when the average rate fell by 1.1684 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 125.4205) against the same month in 2022 (average: 76.7174), the exchange rate shifted by +48.7030 (+63.48%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 79.2773 | 71.7320 | 75.5932 |
| February | 78.8716 | 72.4656 | 75.7744 |
| March | 79.7483 | 72.3088 | 76.3299 |
| April | 79.5140 | 73.0123 | 75.8511 |
| May | 78.1174 | 72.8565 | 75.9774 |
| June | 80.2703 | 71.8934 | 74.8090 |
| July | 80.7943 | 73.8470 | 78.6948 |
| August | 82.2227 | 77.6318 | 80.4195 |
| September | 86.9740 | 79.6097 | 82.5520 |
| October | 90.2979 | 78.3435 | 86.1443 |
| November | 129.1860 | 82.9460 | 107.6925 |
| December | 130.5637 | 120.3107 | 125.4205 |