YEARLY HIGH
45.5204 TZS
YEARLY LOW
41.6622 TZS
YEARLY AVERAGE
43.5352 TZS

2023 PHP to TZS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PHP to TZS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 25, valuing the pair at 45.5204. Conversely, the yearly low was recorded on April 19, dropping to 41.6622.

This high-to-low spread represents a total annual volatility of 3.8582 TZS. From a start-to-finish perspective, comparing the January average rate of 42.4921 to the December average rate of 45.2506, the exchange rate registered a net change of 6.49% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 45.5204 was up 0.29% compared to the 2022 peak of 45.3885, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 PHP based on timing:

Yearly Peak High 11,380,096 TZS
2022 Average 10,690,576 TZS
Yearly Trough Low 10,415,558 TZS
Transaction Impact: A difference of 964,538.20 TZS purely based on transaction execution date.

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45.5452
42.0107
JanuMarcMayJulySeptNove

PHP 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 42.5422, compared to 44.5281 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.9859 points.

H1 Avg (Jan–Jun) 42.5422
H2 Avg (Jul–Dec) 44.5281

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 2.0234 TZS (High: 43.9111 / Low: 41.8877). On the other end, October was the most stable month, with a tight range of 0.5509 TZS (High: 44.3459 / Low: 43.7950).

February Spread (Volatile) Âą2.0234
October Spread (Stable) Âą0.5509

Growth Streaks & Declines

Trends

Between September and December, 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 March and April, when the average rate fell by 0.2131 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.2131

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 45.2506) against the same month in 2022 (average: 42.0102), the exchange rate shifted by +3.2404 (+7.71%).

2023 Avg (December) 45.2506
2022 Avg (December) 42.0102

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Month High Low Average
January 42.9566 41.6652 42.4921
February 43.9111 41.8877 42.5861
March 43.1507 42.0901 42.6527
April 43.0788 41.6622 42.4396
May 42.5580 41.9654 42.3053
June 43.6914 42.1275 42.7773
July 45.0046 43.3746 44.4491
August 44.9238 43.8527 44.3068
September 44.3068 43.7457 44.1156
October 44.3459 43.7950 44.1232
November 45.3824 44.0728 44.9235
December 45.5204 44.8438 45.2506