2023 GMD to TZS Historical Review

YEARLY HIGH

41.4392 TZS

YEARLY LOW

37.0478 TZS

YEARLY AVERAGE

38.9139 TZS

2023 GMD to TZS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GMD to TZS exchange rate experienced significant fluctuation. The market reached its absolute peak on September 5, valuing the pair at 41.4392. Conversely, the yearly low was recorded on November 19, dropping to 37.0478.

This high-to-low spread represents a total annual volatility of 4.3914 TZS. From a start-to-finish perspective, comparing the January average rate of 37.6314 to the December average rate of 37.3007, the exchange rate registered a net change of -0.88% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 41.4392 was down 5.64% compared to the 2022 peak of 43.9163, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 207,196 TZS

2022 Average 210,485 TZS

Yearly Trough Low 185,239 TZS

Transaction Impact: A difference of 21,956.80 TZS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

41.5631

36.9132

JanuMarcMayJulySeptNove

GMD 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 38.5681, compared to 39.2596 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6915 points.

H1 Avg (Jan–Jun) 38.5681

H2 Avg (Jul–Dec) 39.2596

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 2.9292 TZS (High: 41.4392 / Low: 38.5100). On the other end, December was the most stable month, with a tight range of 0.4779 TZS (High: 37.5851 / Low: 37.1072).

September Spread (Volatile) ±2.9292

December Spread (Stable) ±0.4779

Growth Streaks & Declines

Trends

Between April and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 2.3795 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -2.3795

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2023: 40.5623) against the same month in 2022 (average: 42.5443), the exchange rate shifted by -1.9821 (-4.66%).

2023 Avg (September) 40.5623

2022 Avg (September) 42.5443

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	38.2064	37.3269	37.6314
February	38.5351	37.8571	38.2298
March	38.3481	37.5101	38.0269
April	39.2077	37.4618	37.9161
May	39.7568	39.1196	39.4698
June	40.5542	39.7012	40.1347
July	41.1913	40.2601	40.9157
August	41.4021	40.6625	41.1756
September	41.4392	38.5100	40.5623
October	38.9903	37.8923	38.1828
November	38.4012	37.0478	37.4208
December	37.5851	37.1072	37.3007