2023 ISK to TZS Historical Review

YEARLY HIGH

19.2214 TZS

YEARLY LOW

16.1016 TZS

YEARLY AVERAGE

17.5770 TZS

2023 ISK to TZS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ISK to TZS exchange rate experienced significant fluctuation. The market reached its absolute peak on August 30, valuing the pair at 19.2214. Conversely, the yearly low was recorded on February 20, dropping to 16.1016.

This high-to-low spread represents a total annual volatility of 3.1198 TZS. From a start-to-finish perspective, comparing the January average rate of 16.3343 to the December average rate of 18.2270, the exchange rate registered a net change of 11.59% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 19.2214 was up 3.13% compared to the 2022 peak of 18.6387, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 96,107 TZS

2022 Average 86,145 TZS

Yearly Trough Low 80,508 TZS

Transaction Impact: A difference of 15,599.06 TZS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

19.1822

16.0680

JanuMarcMayJulySeptNove

ISK 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 16.8148, compared to 18.3391 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.5244 points.

H1 Avg (Jan–Jun) 16.8148

H2 Avg (Jul–Dec) 18.3391

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 1.1563 TZS (High: 18.7436 / Low: 17.5872). On the other end, October was the most stable month, with a tight range of 0.4015 TZS (High: 18.3131 / Low: 17.9116).

July Spread (Volatile) ±1.1563

October Spread (Stable) ±0.4015

Growth Streaks & Declines

Trends

Between May and August, 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 September and October, when the average rate fell by 0.4398 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.4398

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 18.9226) against the same month in 2022 (average: 16.8302), the exchange rate shifted by +2.0924 (+12.43%).

2023 Avg (August) 18.9226

2022 Avg (August) 16.8302

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	16.5472	16.1094	16.3343
February	16.7300	16.1016	16.3275
March	17.1698	16.3580	16.6859
April	17.3931	16.9169	17.1785
May	17.3647	16.7530	17.0411
June	17.8224	16.7860	17.3212
July	18.7436	17.5872	18.3958
August	19.2214	18.5675	18.9226
September	18.9898	18.1990	18.5165
October	18.3131	17.9116	18.0766
November	18.2988	17.4021	17.8964
December	18.5642	17.8721	18.2270