2023 MWK to TZS Historical Review

YEARLY HIGH

2.3847 TZS

YEARLY LOW

1.4825 TZS

YEARLY AVERAGE

2.1823 TZS

2023 MWK to TZS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MWK to TZS exchange rate experienced significant fluctuation. The market reached its absolute peak on August 6, valuing the pair at 2.3847. Conversely, the yearly low was recorded on November 20, dropping to 1.4825.

This high-to-low spread represents a total annual volatility of 0.9022 TZS. From a start-to-finish perspective, comparing the January average rate of 2.2812 to the December average rate of 1.4915, the exchange rate registered a net change of -34.62% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.3847 was down 17.82% compared to the 2022 peak of 2.9020, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11,924 TZS

2022 Average 12,617 TZS

Yearly Trough Low 7,412 TZS

Transaction Impact: A difference of 4,511.15 TZS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.4137

1.4076

JanuMarcMayJulySeptNove

MWK 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 2.2918, compared to 2.0728 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2190 points.

H1 Avg (Jan–Jun) 2.2918

H2 Avg (Jul–Dec) 2.0728

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.7688 TZS (High: 2.2513 / Low: 1.4825). On the other end, December was the most stable month, with a tight range of 0.0123 TZS (High: 1.4980 / Low: 1.4857).

November Spread (Volatile) ±0.7688

December Spread (Stable) ±0.0123

Growth Streaks & Declines

Trends

Between March and June, 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 October and November, when the average rate fell by 0.3739 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.3739

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 2.3201) against the same month in 2022 (average: 2.2766), the exchange rate shifted by +0.0435 (+1.91%).

2023 Avg (August) 2.3201

2022 Avg (August) 2.2766

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.3070	2.2705	2.2812
February	2.3003	2.2578	2.2760
March	2.3137	2.2238	2.2737
April	2.3139	2.2743	2.2889
May	2.3118	2.2904	2.3011
June	2.3752	2.2918	2.3299
July	2.3374	2.2906	2.3212
August	2.3847	2.2810	2.3201
September	2.3757	2.2555	2.3104
October	2.3206	2.1588	2.1839
November	2.2513	1.4825	1.8100
December	1.4980	1.4857	1.4915