2021 TOP to MWK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2021.
2021 TOP to MWK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the TOP to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on October 21, valuing the pair at 365.6798. Conversely, the yearly low was recorded on February 4, dropping to 334.8526.
This high-to-low spread represents a total annual volatility of 30.8271 MWK. From a start-to-finish perspective, comparing the January average rate of 338.9174 to the December average rate of 356.7862, the exchange rate registered a net change of 5.27% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2021 high of 365.6798 was up 7.94% compared to the 2020 peak of 338.7789, 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 2021.
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 346.0945, compared to 359.6636 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 13.5691 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was February, with a trading range of 8.9303 MWK (High: 343.7829 / Low: 334.8526). On the other end, December was the most stable month, with a tight range of 3.8449 MWK (High: 358.6557 / Low: 354.8108).
Growth Streaks & Declines
TrendsBetween January and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 4.5402 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2021: 362.1455) against the same month in 2020 (average: 325.7794), the exchange rate shifted by +36.3661 (+11.16%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 342.4805 | 335.3632 | 338.9174 |
| February | 343.7829 | 334.8526 | 338.9619 |
| March | 347.3931 | 340.3352 | 343.2221 |
| April | 350.9167 | 342.2176 | 345.7012 |
| May | 357.4234 | 348.6648 | 352.1175 |
| June | 360.6976 | 354.4644 | 357.6468 |
| July | 359.5829 | 352.7992 | 357.7593 |
| August | 362.1793 | 354.8268 | 358.8714 |
| September | 362.8793 | 358.3060 | 361.0929 |
| October | 365.6798 | 358.9518 | 362.1455 |
| November | 364.8610 | 357.3647 | 361.3264 |
| December | 358.6557 | 354.8108 | 356.7862 |