2024 FKP to TZS Historical Review

YEARLY HIGH

3670.0204 TZS

YEARLY LOW

2967.8808 TZS

YEARLY AVERAGE

3342.8834 TZS

2024 FKP to TZS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the FKP to TZS exchange rate experienced significant fluctuation. The market reached its absolute peak on September 26, valuing the pair at 3670.0204. Conversely, the yearly low was recorded on December 18, dropping to 2967.8808.

This high-to-low spread represents a total annual volatility of 702.1396 TZS. From a start-to-finish perspective, comparing the January average rate of 3203.0514 to the December average rate of 3117.1536, the exchange rate registered a net change of -2.68% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 3670.0204 was up 14.08% compared to the 2023 peak of 3216.9985, 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 18,350,102 TZS

2023 Average 15,067,063 TZS

Yearly Trough Low 14,839,404 TZS

Transaction Impact: A difference of 3,510,698.05 TZS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

3651.9805

3068.5330

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 3249.8382, compared to 3435.9286 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 186.0904 points.

H1 Avg (Jan–Jun) 3249.8382

H2 Avg (Jul–Dec) 3435.9286

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 380.2383 TZS (High: 3348.1191 / Low: 2967.8808). On the other end, February was the most stable month, with a tight range of 48.2697 TZS (High: 3234.1389 / Low: 3185.8692).

December Spread (Volatile) ±380.2383

February Spread (Stable) ±48.2697

Growth Streaks & Declines

Trends

Between April and September, 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 November and December, when the average rate fell by 283.0065 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -283.0065

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 3603.3599) against the same month in 2023 (average: 3103.5350), the exchange rate shifted by +499.8249 (+16.11%).

2024 Avg (September) 3603.3599

2023 Avg (September) 3103.5350

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	3241.9870	3177.1804	3203.0514
February	3234.1389	3185.8692	3209.2695
March	3279.8175	3203.6322	3244.5981
April	3266.7849	3192.0525	3231.4550
May	3323.5339	3240.7809	3279.0798
June	3384.1419	3301.0577	3331.5752
July	3474.7296	3344.6557	3439.0091
August	3596.7204	3417.8386	3502.1138
September	3670.0204	3545.8409	3603.3599
October	3614.1303	3495.2363	3553.7751
November	3514.3641	3321.2139	3400.1601
December	3348.1191	2967.8808	3117.1536