2023 PGK to TZS Historical Review

YEARLY HIGH

711.6477 TZS

YEARLY LOW

653.0802 TZS

YEARLY AVERAGE

672.2584 TZS

2023 PGK to TZS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PGK to TZS exchange rate experienced significant fluctuation. The market reached its absolute peak on August 18, valuing the pair at 711.6477. Conversely, the yearly low was recorded on April 3, dropping to 653.0802.

This high-to-low spread represents a total annual volatility of 58.5675 TZS. From a start-to-finish perspective, comparing the January average rate of 662.5309 to the December average rate of 671.6046, the exchange rate registered a net change of 1.37% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 711.6477 was up 6.26% compared to the 2022 peak of 669.7295, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,558,239 TZS

2022 Average 3,297,222 TZS

Yearly Trough Low 3,265,401 TZS

Transaction Impact: A difference of 292,837.41 TZS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

692.3967

659.1196

JanuMarcMayJulySeptNove

PGK 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 665.3256, compared to 679.1911 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 13.8655 points.

H1 Avg (Jan–Jun) 665.3256

H2 Avg (Jul–Dec) 679.1911

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 36.8520 TZS (High: 711.6477 / Low: 674.7957). On the other end, January was the most stable month, with a tight range of 3.9203 TZS (High: 665.1992 / Low: 661.2789).

August Spread (Volatile) ±36.8520

January Spread (Stable) ±3.9203

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 September and October, when the average rate fell by 11.5242 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -11.5242

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 689.6236) against the same month in 2022 (average: 662.0260), the exchange rate shifted by +27.5976 (+4.17%).

2023 Avg (August) 689.6236

2022 Avg (August) 662.0260

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	665.1992	661.2789	662.5309
February	664.7727	653.5453	661.8927
March	667.7056	653.2866	662.7965
April	673.8850	653.0802	664.9475
May	671.8750	657.9000	667.9192
June	686.0795	656.3398	671.8669
July	697.4432	671.7186	683.3732
August	711.6477	674.7957	689.6236
September	701.3131	679.4448	687.4622
October	686.4463	663.3673	675.9379
November	676.7161	662.0689	667.1452
December	677.6306	661.9648	671.6046