2023 TWD to MWK Historical Review

YEARLY HIGH

54.9669 MWK

YEARLY LOW

32.6582 MWK

YEARLY AVERAGE

36.4530 MWK

2023 TWD to MWK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TWD to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 54.9669. Conversely, the yearly low was recorded on June 25, dropping to 32.6582.

This high-to-low spread represents a total annual volatility of 22.3087 MWK. From a start-to-finish perspective, comparing the January average rate of 33.6673 to the December average rate of 53.9694, the exchange rate registered a net change of 60.30% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 54.9669 was up 58.33% compared to the 2022 peak of 34.7163, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 TWD based on timing:

Yearly Peak High 274,834 MWK

2022 Average 156,390 MWK

Yearly Trough Low 163,291 MWK

Transaction Impact: A difference of 111,543.30 MWK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

56.0409

31.1829

JanuMarcMayJulySeptNove

TWD 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 33.5580, compared to 39.3480 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 5.7900 points.

H1 Avg (Jan–Jun) 33.5580

H2 Avg (Jul–Dec) 39.3480

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 19.3268 MWK (High: 53.7733 / Low: 34.4464). On the other end, May was the most stable month, with a tight range of 0.3458 MWK (High: 33.5424 / Low: 33.1966).

November Spread (Volatile) ±19.3268

May Spread (Stable) ±0.3458

Growth Streaks & Declines

Trends

Between June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.2944 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.2944

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 53.9694) against the same month in 2022 (average: 33.3976), the exchange rate shifted by +20.5718 (+61.60%).

2023 Avg (December) 53.9694

2022 Avg (December) 33.3976

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	34.1838	33.3053	33.6673
February	34.5582	33.4458	33.9030
March	34.4746	32.8045	33.6086
April	33.7575	33.0238	33.5207
May	33.5424	33.1966	33.3939
June	33.8416	32.6582	33.2544
July	34.1558	33.4200	33.7107
August	34.2882	32.9605	33.7970
September	34.7941	32.8605	33.8671
October	36.2071	33.4636	35.5454
November	53.7733	34.4464	45.1984
December	54.9669	53.3855	53.9694