2023 ZAR to MWK Historical Review

YEARLY HIGH

92.5536 MWK

YEARLY LOW

51.8149 MWK

YEARLY AVERAGE

61.5764 MWK

2023 ZAR to MWK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ZAR to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 15, valuing the pair at 92.5536. Conversely, the yearly low was recorded on May 25, dropping to 51.8149.

This high-to-low spread represents a total annual volatility of 40.7387 MWK. From a start-to-finish perspective, comparing the January average rate of 59.9198 to the December average rate of 90.5948, the exchange rate registered a net change of 51.19% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 92.5536 was up 38.55% compared to the 2022 peak of 66.8015, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,627,681 MWK

2022 Average 2,844,970 MWK

Yearly Trough Low 2,590,746 MWK

Transaction Impact: A difference of 2,036,934.40 MWK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

94.2830

50.0248

JanuMarcMayJulySeptNove

ZAR 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 56.3716, compared to 66.7812 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 10.4096 points.

H1 Avg (Jan–Jun) 56.3716

H2 Avg (Jul–Dec) 66.7812

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 33.0992 MWK (High: 92.5536 / Low: 59.4544). On the other end, April was the most stable month, with a tight range of 2.3442 MWK (High: 57.5827 / Low: 55.2385).

November Spread (Volatile) ±33.0992

April Spread (Stable) ±2.3442

Growth Streaks & Declines

Trends

Between September and December, 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 April and May, when the average rate fell by 2.6839 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -2.6839

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 77.5952) against the same month in 2022 (average: 58.7613), the exchange rate shifted by +18.8338 (+32.05%).

2023 Avg (November) 77.5952

2022 Avg (November) 58.7613

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	61.1784	58.7039	59.9198
February	60.2515	55.6819	57.2806
March	57.7598	54.7824	56.2058
April	57.5827	55.2385	56.3969
May	56.1368	51.8149	53.7130
June	56.3965	52.2806	54.7137
July	60.0250	54.8104	57.7589
August	58.6929	55.8014	57.2559
September	58.6853	54.6350	57.1868
October	61.6145	56.2762	60.2958
November	92.5536	59.4544	77.5952
December	92.3055	88.2591	90.5948