2024 GMD to TZS Historical Review

YEARLY HIGH

40.3756 TZS

YEARLY LOW

32.6639 TZS

YEARLY AVERAGE

38.0107 TZS

2024 GMD to TZS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GMD to TZS exchange rate experienced significant fluctuation. The market reached its absolute peak on October 8, valuing the pair at 40.3756. Conversely, the yearly low was recorded on December 16, dropping to 32.6639.

This high-to-low spread represents a total annual volatility of 7.7117 TZS. From a start-to-finish perspective, comparing the January average rate of 37.4559 to the December average rate of 34.3565, the exchange rate registered a net change of -8.27% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 40.3756 was down 2.57% compared to the 2023 peak of 41.4392, 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 201,878 TZS

2023 Average 194,592 TZS

Yearly Trough Low 163,319 TZS

Transaction Impact: A difference of 38,558.52 TZS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

39.8983

33.8527

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 37.9423, compared to 38.0791 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1368 points.

H1 Avg (Jan–Jun) 37.9423

H2 Avg (Jul–Dec) 38.0791

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 4.5116 TZS (High: 37.1755 / Low: 32.6639). On the other end, April was the most stable month, with a tight range of 0.3803 TZS (High: 38.2647 / Low: 37.8844).

December Spread (Volatile) ±4.5116

April Spread (Stable) ±0.3803

Growth Streaks & Declines

Trends

Between January and July, 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 November and December, when the average rate fell by 3.1251 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -3.1251

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2024: 39.3236) against the same month in 2023 (average: 38.1828), the exchange rate shifted by +1.1408 (+2.99%).

2024 Avg (October) 39.3236

2023 Avg (October) 38.1828

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	37.8301	37.3319	37.4559
February	37.9041	37.2623	37.5842
March	37.9831	37.3631	37.5861
April	38.2647	37.8844	38.0459
May	38.4840	38.0182	38.2891
June	39.4823	38.4014	38.6926
July	39.8446	38.8670	39.3945
August	39.2516	38.0238	38.7332
September	39.9541	38.3041	39.1849
October	40.3756	38.6510	39.3236
November	38.1119	37.1129	37.4816
December	37.1755	32.6639	34.3565