2023 THB to MWK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 THB to MWK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the THB to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 49.2272. Conversely, the yearly low was recorded on June 28, dropping to 28.5776.
This high-to-low spread represents a total annual volatility of 20.6496 MWK. From a start-to-finish perspective, comparing the January average rate of 30.8197 to the December average rate of 48.2655, the exchange rate registered a net change of 56.61% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 49.2272 was up 65.47% compared to the 2022 peak of 29.7506, indicating shifts in long-term support levels.
Comparing the value generated converting 250,000 THB based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
THB 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 30.0269, compared to 35.2895 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 5.2626 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was November, with a trading range of 17.6379 MWK (High: 48.5320 / Low: 30.8942). On the other end, April was the most stable month, with a tight range of 0.5113 MWK (High: 30.2326 / Low: 29.7213).
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 January and February, when the average rate fell by 0.6868 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 48.2655) against the same month in 2022 (average: 29.4969), the exchange rate shifted by +18.7686 (+63.63%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 31.3579 | 29.6555 | 30.8197 |
| February | 31.3708 | 29.1403 | 30.1329 |
| March | 30.8282 | 28.9761 | 29.8399 |
| April | 30.2326 | 29.7213 | 29.9738 |
| May | 30.5278 | 29.4685 | 30.0029 |
| June | 29.8510 | 28.5776 | 29.3919 |
| July | 30.9156 | 29.6584 | 30.3679 |
| August | 31.0591 | 29.9566 | 30.6870 |
| September | 31.1234 | 29.5156 | 30.2906 |
| October | 31.9806 | 29.2010 | 31.4522 |
| November | 48.5320 | 30.8942 | 40.6736 |
| December | 49.2272 | 47.1532 | 48.2655 |