2023 SVC to MWK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 SVC to MWK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the SVC to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 24, valuing the pair at 192.5844. Conversely, the yearly low was recorded on January 18, dropping to 115.8080.
This high-to-low spread represents a total annual volatility of 76.7763 MWK. From a start-to-finish perspective, comparing the January average rate of 116.9300 to the December average rate of 192.3098, the exchange rate registered a net change of 64.47% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 192.5844 was up 62.53% compared to the 2022 peak of 118.4930, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SVC based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
SVC 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 117.2139, compared to 142.5588 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 25.3449 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was November, with a trading range of 65.2737 MWK (High: 192.5844 / Low: 127.3106). On the other end, May was the most stable month, with a tight range of 0.9175 MWK (High: 117.6519 / Low: 116.7344).
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 0.3297 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2023: 164.6265) against the same month in 2022 (average: 117.2045), the exchange rate shifted by +47.4219 (+40.46%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 117.3874 | 115.8080 | 116.9300 |
| February | 118.4009 | 116.2318 | 117.2796 |
| March | 120.0170 | 116.2314 | 117.5246 |
| April | 117.6414 | 116.3530 | 117.1949 |
| May | 117.6519 | 116.7344 | 117.2284 |
| June | 120.4246 | 116.2034 | 117.1261 |
| July | 120.5640 | 119.4507 | 120.2967 |
| August | 124.7908 | 119.4172 | 122.9037 |
| September | 126.9371 | 120.0734 | 123.9776 |
| October | 132.6006 | 123.4717 | 131.2385 |
| November | 192.5844 | 127.3106 | 164.6265 |
| December | 192.4874 | 191.2519 | 192.3098 |