2023 EGP to TZS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 EGP to TZS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the EGP to TZS exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 94.3564. Conversely, the yearly low was recorded on March 19, dropping to 75.2689.
This high-to-low spread represents a total annual volatility of 19.0875 TZS. From a start-to-finish perspective, comparing the January average rate of 81.8989 to the December average rate of 81.3047, the exchange rate registered a net change of -0.73% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 94.3564 was down 36.29% compared to the 2022 peak of 148.1136, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 EGP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
EGP 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 77.3513, compared to 80.7146 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.3634 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was January, with a trading range of 17.0905 TZS (High: 94.3564 / Low: 77.2659). On the other end, September was the most stable month, with a tight range of 0.5490 TZS (High: 81.2900 / Low: 80.7410).
Growth Streaks & Declines
TrendsBetween March and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 5.2465 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 81.8989) against the same month in 2022 (average: 146.6617), the exchange rate shifted by -64.7629 (-44.16%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 94.3564 | 77.2659 | 81.8989 |
| February | 77.8174 | 76.0418 | 76.6524 |
| March | 76.7050 | 75.2689 | 75.7677 |
| April | 76.7731 | 75.4397 | 76.0213 |
| May | 77.7957 | 75.6221 | 76.5011 |
| June | 78.2014 | 76.5467 | 77.2662 |
| July | 79.5433 | 77.5578 | 79.0316 |
| August | 81.1612 | 79.4324 | 80.7213 |
| September | 81.2900 | 80.7410 | 81.0858 |
| October | 81.5822 | 80.8305 | 81.1088 |
| November | 81.4642 | 80.6825 | 81.0357 |
| December | 81.7878 | 80.8707 | 81.3047 |