YEARLY HIGH
31.2474 MWK
YEARLY LOW
29.1749 MWK
YEARLY AVERAGE
30.0758 MWK

2024 PHP to MWK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PHP to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on September 19, valuing the pair at 31.2474. Conversely, the yearly low was recorded on December 18, dropping to 29.1749.

This high-to-low spread represents a total annual volatility of 2.0725 MWK. From a start-to-finish perspective, comparing the January average rate of 30.0694 to the December average rate of 29.6732, the exchange rate registered a net change of -1.32% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 31.2474 was up 2.43% compared to the 2023 peak of 30.5068, 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 7,811,858 MWK
2023 Average 5,110,306 MWK
Yearly Trough Low 7,293,722 MWK
Transaction Impact: A difference of 518,135.80 MWK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

31.1061
29.3874
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 30.0775, compared to 30.0741 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0033 points.

H1 Avg (Jan–Jun) 30.0775
H2 Avg (Jul–Dec) 30.0741

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 1.2377 MWK (High: 31.0338 / Low: 29.7961). On the other end, June was the most stable month, with a tight range of 0.2874 MWK (High: 29.6964 / Low: 29.4090).

March Spread (Volatile) ±1.2377
June Spread (Stable) ±0.2874

Growth Streaks & Declines

Trends

Between 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 September and October, when the average rate fell by 0.7624 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.7624

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 30.9628) against the same month in 2023 (average: 19.0972), the exchange rate shifted by +11.8657 (+62.13%).

2024 Avg (September) 30.9628
2023 Avg (September) 19.0972

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 30.4724 29.8384 30.0694
February 30.2824 29.8589 30.0498
March 31.0338 29.7961 30.3870
April 30.8748 30.0207 30.4160
May 30.4923 29.6241 30.0119
June 29.6964 29.4090 29.5306
July 29.7847 29.4816 29.6439
August 30.8995 29.7071 30.4036
September 31.2474 30.6572 30.9628
October 30.8941 29.7021 30.2004
November 29.8007 29.3642 29.5609
December 30.0345 29.1749 29.6732