2023 MMK to TZS Historical Review

YEARLY HIGH

1.2030 TZS

YEARLY LOW

1.1079 TZS

YEARLY AVERAGE

1.1535 TZS

2023 MMK to TZS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MMK to TZS exchange rate experienced significant fluctuation. The market reached its absolute peak on November 18, valuing the pair at 1.2030. Conversely, the yearly low was recorded on February 15, dropping to 1.1079.

This high-to-low spread represents a total annual volatility of 0.0951 TZS. From a start-to-finish perspective, comparing the January average rate of 1.1114 to the December average rate of 1.1951, the exchange rate registered a net change of 7.53% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.2030 was down 8.09% compared to the 2022 peak of 1.3089, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 6,015 TZS

2022 Average 6,059 TZS

Yearly Trough Low 5,540 TZS

Transaction Impact: A difference of 475.57 TZS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.2035

1.1031

JanuMarcMayJulySeptNove

MMK 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 1.1192, compared to 1.1878 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0686 points.

H1 Avg (Jan–Jun) 1.1192

H2 Avg (Jul–Dec) 1.1878

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0290 TZS (High: 1.1523 / Low: 1.1234). On the other end, February was the most stable month, with a tight range of 0.0063 TZS (High: 1.1142 / Low: 1.1079).

June Spread (Volatile) ±0.0290

February Spread (Stable) ±0.0063

Growth Streaks & Declines

Trends

Between January and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0006 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.0006

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 1.1933) against the same month in 2022 (average: 1.1109), the exchange rate shifted by +0.0824 (+7.42%).

2023 Avg (November) 1.1933

2022 Avg (November) 1.1109

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.1161	1.1095	1.1114
February	1.1142	1.1079	1.1122
March	1.1205	1.1096	1.1132
April	1.1342	1.1097	1.1177
May	1.1283	1.1204	1.1240
June	1.1523	1.1234	1.1370
July	1.1736	1.1490	1.1635
August	1.1960	1.1674	1.1879
September	1.1990	1.1886	1.1933
October	1.2006	1.1889	1.1938
November	1.2030	1.1888	1.1933
December	1.1987	1.1909	1.1951