2023 FKP to TZS Historical Review

YEARLY HIGH

3216.9985 TZS

YEARLY LOW

2763.3147 TZS

YEARLY AVERAGE

3012.0940 TZS

2023 FKP to TZS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the FKP to TZS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 3216.9985. Conversely, the yearly low was recorded on March 8, dropping to 2763.3147.

This high-to-low spread represents a total annual volatility of 453.6838 TZS. From a start-to-finish perspective, comparing the January average rate of 2857.8817 to the December average rate of 3182.1352, the exchange rate registered a net change of 11.35% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 3216.9985 was up 1.96% compared to the 2022 peak of 3155.2860, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 16,084,993 TZS

2022 Average 14,381,274 TZS

Yearly Trough Low 13,816,574 TZS

Transaction Impact: A difference of 2,268,418.84 TZS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

3218.5504

2781.5677

JanuMarcMayJulySeptNove

FKP to TZS 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 2898.0692, compared to 3126.1188 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 228.0496 points.

H1 Avg (Jan–Jun) 2898.0692

H2 Avg (Jul–Dec) 3126.1188

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 169.0295 TZS (High: 3212.6414 / Low: 3043.6119). On the other end, May was the most stable month, with a tight range of 63.5851 TZS (High: 2976.4839 / Low: 2912.8988).

July Spread (Volatile) ±169.0295

May Spread (Stable) ±63.5851

Growth Streaks & Declines

Trends

Between February and August, 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 August and September, when the average rate fell by 64.8484 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -64.8484

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 3182.1352) against the same month in 2022 (average: 2840.4012), the exchange rate shifted by +341.7340 (+12.03%).

2023 Avg (December) 3182.1352

2022 Avg (December) 2840.4012

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2901.5832	2777.1757	2857.8817
February	2888.8022	2792.6737	2817.9830
March	2888.5195	2763.3147	2833.5938
April	2955.6372	2865.1500	2918.2130
May	2976.4839	2912.8988	2943.6558
June	3065.3109	2943.5017	3017.0880
July	3212.6414	3043.6119	3143.0108
August	3194.4231	3122.6111	3168.3834
September	3164.0714	3042.6862	3103.5350
October	3091.1520	3023.6230	3049.0616
November	3183.5417	3042.8681	3110.5867
December	3216.9985	3143.4736	3182.1352