2023 BOB to TZS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 BOB to TZS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the BOB to TZS exchange rate experienced significant fluctuation. The market reached its absolute peak on November 18, valuing the pair at 365.5830. Conversely, the yearly low was recorded on April 5, dropping to 335.9727.
This high-to-low spread represents a total annual volatility of 29.6103 TZS. From a start-to-finish perspective, comparing the January average rate of 337.7769 to the December average rate of 363.1634, the exchange rate registered a net change of 7.52% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 365.5830 was up 7.02% compared to the 2022 peak of 341.5993, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BOB based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
BOB to TZS Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 340.0900, compared to 360.9695 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 20.8795 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 8.7955 TZS (High: 350.1981 / Low: 341.4026). On the other end, February was the most stable month, with a tight range of 1.9175 TZS (High: 338.6198 / Low: 336.7023).
Growth Streaks & Declines
TrendsBetween January and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.1796 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2023: 362.6447) against the same month in 2022 (average: 337.4820), the exchange rate shifted by +25.1627 (+7.46%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 339.2017 | 337.1866 | 337.7769 |
| February | 338.6198 | 336.7023 | 337.9929 |
| March | 340.5600 | 336.4618 | 338.2830 |
| April | 341.2996 | 335.9727 | 339.3849 |
| May | 342.8869 | 340.4978 | 341.5687 |
| June | 350.1981 | 341.4026 | 345.5336 |
| July | 356.6557 | 349.1864 | 353.4989 |
| August | 363.4853 | 354.7680 | 361.0220 |
| September | 364.4007 | 361.2453 | 362.6634 |
| October | 364.8516 | 361.3683 | 362.8243 |
| November | 365.5830 | 361.2804 | 362.6447 |
| December | 364.2546 | 361.9476 | 363.1634 |