2023 SGD to MWK Historical Review

YEARLY HIGH

1277.0338 MWK

YEARLY LOW

749.0200 MWK

YEARLY AVERAGE

846.2061 MWK

2023 SGD to MWK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SGD to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 1277.0338. Conversely, the yearly low was recorded on June 25, dropping to 749.0200.

This high-to-low spread represents a total annual volatility of 528.0138 MWK. From a start-to-finish perspective, comparing the January average rate of 772.4392 to the December average rate of 1265.2399, the exchange rate registered a net change of 63.80% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1277.0338 was up 67.10% compared to the 2022 peak of 764.2180, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 6,385,169 MWK

2022 Average 3,382,681 MWK

Yearly Trough Low 3,745,100 MWK

Transaction Impact: A difference of 2,640,069.07 MWK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1315.6548

710.6770

JanuMarcMayJulySeptNove

SGD 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 767.2425, compared to 925.1698 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 157.9273 points.

H1 Avg (Jan–Jun) 767.2425

H2 Avg (Jul–Dec) 925.1698

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 445.8441 MWK (High: 1264.9512 / Low: 819.1071). On the other end, April was the most stable month, with a tight range of 15.9308 MWK (High: 776.7145 / Low: 760.7837).

November Spread (Volatile) ±445.8441

April Spread (Stable) ±15.9308

Growth Streaks & Declines

Trends

Between 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 February and March, when the average rate fell by 4.1516 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -4.1516

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 1265.2399) against the same month in 2022 (average: 758.0910), the exchange rate shifted by +507.1489 (+66.90%).

2023 Avg (December) 1265.2399

2022 Avg (December) 758.0910

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	782.7063	761.9855	772.4392
February	786.7825	759.9408	769.9159
March	779.0608	750.1413	765.7643
April	776.7145	760.7837	769.0575
May	775.5869	756.6096	765.1861
June	777.6217	749.0200	761.0918
July	797.4556	773.7598	787.5600
August	805.7855	778.6780	795.9422
September	814.4690	769.6486	795.4966
October	851.1846	787.4686	838.2555
November	1264.9512	819.1071	1068.5243
December	1277.0338	1253.1616	1265.2399