2023 BIF to TZS Historical Review

YEARLY HIGH

1.1404 TZS

YEARLY LOW

0.8362 TZS

YEARLY AVERAGE

0.9692 TZS

2023 BIF to TZS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BIF to TZS exchange rate experienced significant fluctuation. The market reached its absolute peak on April 30, valuing the pair at 1.1404. Conversely, the yearly low was recorded on May 19, dropping to 0.8362.

This high-to-low spread represents a total annual volatility of 0.3042 TZS. From a start-to-finish perspective, comparing the January average rate of 1.1282 to the December average rate of 0.8813, the exchange rate registered a net change of -21.88% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.1404 was down 2.36% compared to the 2022 peak of 1.1679, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,702 TZS

2022 Average 5,695 TZS

Yearly Trough Low 4,181 TZS

Transaction Impact: A difference of 1,520.91 TZS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.1566

0.8153

JanuMarcMayJulySeptNove

BIF 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 1.0597, compared to 0.8786 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1811 points.

H1 Avg (Jan–Jun) 1.0597

H2 Avg (Jul–Dec) 0.8786

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.2965 TZS (High: 1.1327 / Low: 0.8362). On the other end, December was the most stable month, with a tight range of 0.0052 TZS (High: 0.8840 / Low: 0.8788).

May Spread (Volatile) ±0.2965

December Spread (Stable) ±0.0052

Growth Streaks & Declines

Trends

Between June and September, 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 May and June, when the average rate fell by 0.1642 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1642

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 1.1276) against the same month in 2022 (average: 1.1430), the exchange rate shifted by -0.0153 (-1.34%).

2023 Avg (April) 1.1276

2022 Avg (April) 1.1430

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.1349	1.1243	1.1282
February	1.1332	1.1222	1.1267
March	1.1318	1.1202	1.1243
April	1.1404	1.1197	1.1276
May	1.1327	0.8362	1.0079
June	0.8544	0.8363	0.8438
July	0.8692	0.8498	0.8625
August	0.8859	0.8657	0.8802
September	0.8885	0.8798	0.8835
October	0.8889	0.8781	0.8827
November	0.8889	0.8777	0.8814
December	0.8840	0.8788	0.8813