2023 TRY to MWK Historical Review

YEARLY HIGH

58.7369 MWK

YEARLY LOW

38.5988 MWK

YEARLY AVERAGE

48.3505 MWK

2023 TRY to MWK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TRY to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 14, valuing the pair at 58.7369. Conversely, the yearly low was recorded on August 3, dropping to 38.5988.

This high-to-low spread represents a total annual volatility of 20.1381 MWK. From a start-to-finish perspective, comparing the January average rate of 54.4790 to the December average rate of 57.8871, the exchange rate registered a net change of 6.26% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 58.7369 was down 5.86% compared to the 2022 peak of 62.3947, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 TRY based on timing:

Yearly Peak High 2,936,844 MWK

2022 Average 2,820,552 MWK

Yearly Trough Low 1,929,939 MWK

Transaction Impact: A difference of 1,006,905.62 MWK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

59.7037

37.9047

JanuMarcMayJulySeptNove

TRY 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 51.8658, compared to 44.8351 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 7.0307 points.

H1 Avg (Jan–Jun) 51.8658

H2 Avg (Jul–Dec) 44.8351

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 19.7712 MWK (High: 58.7369 / Low: 38.9657). On the other end, January was the most stable month, with a tight range of 0.9643 MWK (High: 54.8967 / Low: 53.9324).

November Spread (Volatile) ±19.7712

January Spread (Stable) ±0.9643

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 8.4619 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -8.4619

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 50.1448) against the same month in 2022 (average: 55.0838), the exchange rate shifted by -4.9391 (-8.97%).

2023 Avg (November) 50.1448

2022 Avg (November) 55.0838

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	54.8967	53.9324	54.4790
February	55.0346	54.0266	54.4482
March	55.2836	53.3157	54.0393
April	53.3883	52.2184	52.9582
May	52.6875	49.3562	51.8660
June	49.0904	39.0126	43.4041
July	40.6527	38.9449	39.7212
August	41.7793	38.5988	39.9570
September	41.1414	39.1233	40.1538
October	42.0577	39.3792	41.1469
November	58.7369	38.9657	50.1448
December	58.4994	56.9066	57.8871