2023 SEK to MWK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 SEK to MWK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the SEK to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 169.2963. Conversely, the yearly low was recorded on June 6, dropping to 93.4156.
This high-to-low spread represents a total annual volatility of 75.8807 MWK. From a start-to-finish perspective, comparing the January average rate of 98.4799 to the December average rate of 164.4978, the exchange rate registered a net change of 67.04% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 169.2963 was up 62.38% compared to the 2022 peak of 104.2595, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SEK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
SEK 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 97.7399, compared to 116.8138 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 19.0739 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was November, with a trading range of 62.0006 MWK (High: 163.1294 / Low: 101.1288). On the other end, April was the most stable month, with a tight range of 2.6360 MWK (High: 100.0702 / Low: 97.4342).
Growth Streaks & Declines
TrendsBetween 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 2.6508 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 164.4978) against the same month in 2022 (average: 98.6289), the exchange rate shifted by +65.8689 (+66.78%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 100.5690 | 95.9565 | 98.4799 |
| February | 99.5892 | 96.7266 | 98.1549 |
| March | 100.0343 | 94.4833 | 97.7177 |
| April | 100.0702 | 97.4342 | 99.0023 |
| May | 100.8127 | 94.3761 | 97.8677 |
| June | 97.4161 | 93.4156 | 95.2169 |
| July | 103.4432 | 96.0423 | 99.9116 |
| August | 101.6476 | 97.4577 | 99.2615 |
| September | 99.6410 | 94.4693 | 97.7777 |
| October | 106.6778 | 97.8393 | 104.0922 |
| November | 163.1294 | 101.1288 | 135.3419 |
| December | 169.2963 | 160.5357 | 164.4978 |