2020 TOP to MWK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 TOP to MWK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the TOP to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 338.7789. Conversely, the yearly low was recorded on March 23, dropping to 305.3298.
This high-to-low spread represents a total annual volatility of 33.4492 MWK. From a start-to-finish perspective, comparing the January average rate of 320.5610 to the December average rate of 335.8618, the exchange rate registered a net change of 4.77% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 338.7789 was down 2.87% compared to the 2019 peak of 348.7788, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 TOP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
TOP 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 318.3209, compared to 328.3814 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 10.0605 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was March, with a trading range of 13.4554 MWK (High: 318.7851 / Low: 305.3298). On the other end, October was the most stable month, with a tight range of 2.8599 MWK (High: 327.4236 / Low: 324.5637).
Growth Streaks & Declines
TrendsBetween March and June, 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 3.5849 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2020: 335.8618) against the same month in 2019 (average: 319.0481), the exchange rate shifted by +16.8137 (+5.27%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 323.8918 | 317.2860 | 320.5610 |
| February | 319.1251 | 315.2721 | 317.0682 |
| March | 318.7851 | 305.3298 | 313.4833 |
| April | 319.4300 | 311.6795 | 315.0850 |
| May | 322.0345 | 315.8606 | 318.9628 |
| June | 328.1112 | 320.8504 | 324.7653 |
| July | 326.4992 | 321.5099 | 323.2564 |
| August | 330.0003 | 323.8874 | 326.9437 |
| September | 330.9860 | 324.1343 | 328.1568 |
| October | 327.4236 | 324.5637 | 325.7794 |
| November | 334.1393 | 324.0312 | 330.2905 |
| December | 338.7789 | 333.2155 | 335.8618 |