2023 HNL to TJS Historical Review

YEARLY HIGH

0.4493 TJS

YEARLY LOW

0.4058 TJS

YEARLY AVERAGE

0.4381 TJS

2023 HNL to TJS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HNL to TJS exchange rate experienced significant fluctuation. The market reached its absolute peak on August 5, valuing the pair at 0.4493. Conversely, the yearly low was recorded on March 2, dropping to 0.4058.

This high-to-low spread represents a total annual volatility of 0.0436 TJS. From a start-to-finish perspective, comparing the January average rate of 0.4148 to the December average rate of 0.4427, the exchange rate registered a net change of 6.71% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4493 was down 15.91% compared to the 2022 peak of 0.5343, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,247 TJS

2022 Average 2,230 TJS

Yearly Trough Low 2,029 TJS

Transaction Impact: A difference of 217.77 TJS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4489

0.4117

JanuMarcMayJulySeptNove

HNL to TJS 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 0.4324, compared to 0.4438 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0113 points.

H1 Avg (Jan–Jun) 0.4324

H2 Avg (Jul–Dec) 0.4438

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0378 TJS (High: 0.4436 / Low: 0.4058). On the other end, April was the most stable month, with a tight range of 0.0024 TJS (High: 0.4449 / Low: 0.4425).

March Spread (Volatile) ±0.0378

April Spread (Stable) ±0.0024

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0025 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0025

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.4458) against the same month in 2022 (average: 0.4140), the exchange rate shifted by +0.0318 (+7.67%).

2023 Avg (August) 0.4458

2022 Avg (August) 0.4140

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4173	0.4105	0.4148
February	0.4357	0.4062	0.4215
March	0.4436	0.4058	0.4286
April	0.4449	0.4425	0.4437
May	0.4450	0.4418	0.4434
June	0.4463	0.4405	0.4426
July	0.4452	0.4379	0.4437
August	0.4493	0.4410	0.4458
September	0.4461	0.4398	0.4433
October	0.4455	0.4406	0.4440
November	0.4486	0.4407	0.4431
December	0.4436	0.4403	0.4427