2023 GNF to TZS Historical Review

YEARLY HIGH

0.2943 TZS

YEARLY LOW

0.2650 TZS

YEARLY AVERAGE

0.2810 TZS

2023 GNF to TZS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GNF to TZS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 26, valuing the pair at 0.2943. Conversely, the yearly low was recorded on February 8, dropping to 0.2650.

This high-to-low spread represents a total annual volatility of 0.0293 TZS. From a start-to-finish perspective, comparing the January average rate of 0.2693 to the December average rate of 0.2921, the exchange rate registered a net change of 8.44% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2943 was up 7.77% compared to the 2022 peak of 0.2731, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,472 TZS

2022 Average 1,321 TZS

Yearly Trough Low 1,325 TZS

Transaction Impact: A difference of 146.65 TZS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2943

0.2671

JanuMarcMayJulySeptNove

GNF 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 0.2721, compared to 0.2898 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0177 points.

H1 Avg (Jan–Jun) 0.2721

H2 Avg (Jul–Dec) 0.2898

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0092 TZS (High: 0.2742 / Low: 0.2650). On the other end, May was the most stable month, with a tight range of 0.0031 TZS (High: 0.2752 / Low: 0.2721).

February Spread (Volatile) ±0.0092

May Spread (Stable) ±0.0031

Growth Streaks & Declines

Trends

Between 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 0.0002 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.2921) against the same month in 2022 (average: 0.2683), the exchange rate shifted by +0.0237 (+8.84%).

2023 Avg (December) 0.2921

2022 Avg (December) 0.2683

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2720	0.2655	0.2693
February	0.2742	0.2650	0.2702
March	0.2733	0.2659	0.2703
April	0.2763	0.2704	0.2726
May	0.2752	0.2721	0.2736
June	0.2808	0.2736	0.2768
July	0.2859	0.2792	0.2835
August	0.2917	0.2846	0.2897
September	0.2932	0.2890	0.2912
October	0.2936	0.2887	0.2913
November	0.2940	0.2888	0.2911
December	0.2943	0.2910	0.2921