2024 SCR to MWK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 SCR to MWK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the SCR to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on September 24, valuing the pair at 135.3744. Conversely, the yearly low was recorded on August 4, dropping to 114.6081.
This high-to-low spread represents a total annual volatility of 20.7662 MWK. From a start-to-finish perspective, comparing the January average rate of 125.7552 to the December average rate of 122.8996, the exchange rate registered a net change of -2.27% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 135.3744 was up 3.68% compared to the 2023 peak of 130.5637, 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 2024.
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 126.0046, compared to 126.1166 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1121 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 20.6523 MWK (High: 135.2604 / Low: 114.6081). On the other end, May was the most stable month, with a tight range of 4.3702 MWK (High: 129.4336 / Low: 125.0635).
Growth Streaks & Declines
TrendsBetween June and September, 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 November and December, when the average rate fell by 3.3239 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 129.0393) against the same month in 2023 (average: 82.5520), the exchange rate shifted by +46.4874 (+56.31%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 128.8916 | 121.2455 | 125.7552 |
| February | 127.6635 | 121.8020 | 125.0948 |
| March | 128.8280 | 118.1821 | 125.0105 |
| April | 129.8308 | 120.5359 | 127.6632 |
| May | 129.4336 | 125.0635 | 126.9722 |
| June | 127.7978 | 117.9794 | 125.5313 |
| July | 128.3366 | 122.8640 | 125.6615 |
| August | 135.2604 | 114.6081 | 126.2110 |
| September | 135.3744 | 124.8485 | 129.0393 |
| October | 132.6518 | 115.2603 | 126.6647 |
| November | 129.4580 | 121.3303 | 126.2235 |
| December | 130.3491 | 114.8121 | 122.8996 |