2023 WST to MMK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 WST to MMK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the WST to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 785.7249. Conversely, the yearly low was recorded on November 5, dropping to 743.8629.
This high-to-low spread represents a total annual volatility of 41.8619 MMK. From a start-to-finish perspective, comparing the January average rate of 778.4963 to the December average rate of 750.7784, the exchange rate registered a net change of -3.56% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 785.7249 was down 0.47% compared to the 2022 peak of 789.4173, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 WST based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
WST to MMK 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 774.0638, compared to 762.9581 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 11.1056 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was October, with a trading range of 25.7831 MMK (High: 774.1299 / Low: 748.3468). On the other end, January was the most stable month, with a tight range of 3.3334 MMK (High: 779.2007 / Low: 775.8673).
Growth Streaks & Declines
TrendsBetween April and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 14.1288 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2023: 778.5799) against the same month in 2022 (average: 678.7318), the exchange rate shifted by +99.8481 (+14.71%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 779.2007 | 775.8673 | 778.4963 |
| February | 785.7249 | 774.0926 | 778.5799 |
| March | 779.3313 | 767.5826 | 777.0871 |
| April | 771.5562 | 760.3427 | 769.7119 |
| May | 771.9442 | 768.1182 | 770.1412 |
| June | 773.4198 | 765.7475 | 770.3663 |
| July | 772.9465 | 763.2128 | 769.8378 |
| August | 775.3875 | 767.5266 | 772.4695 |
| September | 774.1299 | 769.7490 | 772.3214 |
| October | 774.1299 | 748.3468 | 763.2352 |
| November | 750.6040 | 743.8629 | 749.1064 |
| December | 754.0603 | 749.3528 | 750.7784 |