2023 PHP to MWK Historical Review

YEARLY HIGH

30.5068 MWK

YEARLY LOW

18.1572 MWK

YEARLY AVERAGE

20.4275 MWK

2023 PHP to MWK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PHP to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 20, valuing the pair at 30.5068. Conversely, the yearly low was recorded on June 25, dropping to 18.1572.

This high-to-low spread represents a total annual volatility of 12.3496 MWK. From a start-to-finish perspective, comparing the January average rate of 18.6267 to the December average rate of 30.3400, the exchange rate registered a net change of 62.88% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 30.5068 was up 57.32% compared to the 2022 peak of 19.3916, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 PHP based on timing:

Yearly Peak High 7,626,697 MWK

2022 Average 4,270,964 MWK

Yearly Trough Low 4,539,294 MWK

Transaction Impact: A difference of 3,087,402.79 MWK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

31.5379

17.1631

JanuMarcMayJulySeptNove

PHP 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 18.5646, compared to 22.2904 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.7259 points.

H1 Avg (Jan–Jun) 18.5646

H2 Avg (Jul–Dec) 22.2904

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 10.6212 MWK (High: 30.5068 / Low: 19.8856). On the other end, December was the most stable month, with a tight range of 0.3274 MWK (High: 30.4673 / Low: 30.1399).

November Spread (Volatile) ±10.6212

December Spread (Stable) ±0.3274

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 March and April, when the average rate fell by 0.2203 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.2203

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 25.8480) against the same month in 2022 (average: 17.8411), the exchange rate shifted by +8.0070 (+44.88%).

2023 Avg (November) 25.8480

2022 Avg (November) 17.8411

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	18.8622	18.3212	18.6267
February	19.2490	18.3818	18.7115
March	19.2048	18.3359	18.7618
April	18.8725	18.2335	18.5415
May	18.5310	18.1800	18.3848
June	19.0234	18.1572	18.3610
July	19.3854	18.8238	19.1492
August	19.2897	18.5762	19.0987
September	19.6068	18.4233	19.0972
October	20.4497	19.0307	20.2096
November	30.5068	19.8856	25.8480
December	30.4673	30.1399	30.3400

2023 இந்திய ரூபாய் முதல் பவுண்ட் வரையிலான வரலாற்று ஆய்வு