2023 BMD to TZS Historical Review

YEARLY HIGH

2521.8261 TZS

YEARLY LOW

2307.3134 TZS

YEARLY AVERAGE

2421.3494 TZS

2023 BMD to TZS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BMD to TZS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 2521.8261. Conversely, the yearly low was recorded on March 18, dropping to 2307.3134.

This high-to-low spread represents a total annual volatility of 214.5126 TZS. From a start-to-finish perspective, comparing the January average rate of 2334.0584 to the December average rate of 2512.2867, the exchange rate registered a net change of 7.64% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2521.8261 was up 7.46% compared to the 2022 peak of 2346.7118, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 12,609,130 TZS

2022 Average 11,629,443 TZS

Yearly Trough Low 11,536,567 TZS

Transaction Impact: A difference of 1,072,563.16 TZS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2530.1096

2316.2355

JanuMarcMayJulySeptNove

BMD 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 2349.2250, compared to 2493.4738 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 144.2487 points.

H1 Avg (Jan–Jun) 2349.2250

H2 Avg (Jul–Dec) 2493.4738

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 58.3972 TZS (High: 2455.8868 / Low: 2397.4896). On the other end, January was the most stable month, with a tight range of 10.2023 TZS (High: 2339.9150 / Low: 2329.7127).

July Spread (Volatile) ±58.3972

January Spread (Stable) ±10.2023

Growth Streaks & Declines

Trends

Between March and September, 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 October and November, when the average rate fell by 2.3668 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -2.3668

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 2512.2867) against the same month in 2022 (average: 2333.3411), the exchange rate shifted by +178.9456 (+7.67%).

2023 Avg (December) 2512.2867

2022 Avg (December) 2333.3411

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2339.9150	2329.7127	2334.0584
February	2356.4033	2325.8151	2335.8078
March	2342.6630	2307.3134	2334.2866
April	2351.0000	2332.0000	2344.6936
May	2369.5060	2348.1220	2359.2663
June	2415.0000	2365.0000	2387.2375
July	2455.8868	2397.4896	2440.3495
August	2506.4613	2455.0000	2494.5991
September	2510.0000	2494.1636	2505.4065
October	2515.0000	2496.1822	2505.2837
November	2517.0000	2483.0028	2502.9170
December	2521.8261	2501.0230	2512.2867