2023 TZS to MWK Historical Review

YEARLY HIGH

0.6745 MWK

YEARLY LOW

0.4193 MWK

YEARLY AVERAGE

0.4680 MWK

2023 TZS to MWK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TZS to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 20, valuing the pair at 0.6745. Conversely, the yearly low was recorded on August 6, dropping to 0.4193.

This high-to-low spread represents a total annual volatility of 0.2552 MWK. From a start-to-finish perspective, comparing the January average rate of 0.4384 to the December average rate of 0.6705, the exchange rate registered a net change of 52.95% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.6745 was up 52.47% compared to the 2022 peak of 0.4424, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,373 MWK

2022 Average 2,006 MWK

Yearly Trough Low 2,097 MWK

Transaction Impact: A difference of 1,276.04 MWK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6946

0.4051

JanuMarcMayJulySeptNove

TZS to MWK 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 0.4364, compared to 0.4997 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0633 points.

H1 Avg (Jan–Jun) 0.4364

H2 Avg (Jul–Dec) 0.4997

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.2304 MWK (High: 0.6745 / Low: 0.4442). On the other end, May was the most stable month, with a tight range of 0.0040 MWK (High: 0.4366 / Low: 0.4326).

November Spread (Volatile) ±0.2304

May Spread (Stable) ±0.0040

Growth Streaks & Declines

Trends

Between June and December, 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 May and June, when the average rate fell by 0.0053 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0053

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.5747) against the same month in 2022 (average: 0.4397), the exchange rate shifted by +0.1350 (+30.71%).

2023 Avg (November) 0.5747

2022 Avg (November) 0.4397

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4404	0.4335	0.4384
February	0.4429	0.4347	0.4394
March	0.4497	0.4322	0.4399
April	0.4397	0.4322	0.4369
May	0.4366	0.4326	0.4346
June	0.4363	0.4210	0.4292
July	0.4366	0.4278	0.4308
August	0.4384	0.4193	0.4311
September	0.4434	0.4209	0.4329
October	0.4632	0.4309	0.4580
November	0.6745	0.4442	0.5747
December	0.6731	0.6675	0.6705