2023 ILS to TZS Historical Review

YEARLY HIGH

700.3419 TZS

YEARLY LOW

613.2758 TZS

YEARLY AVERAGE

657.4488 TZS

2023 ILS to TZS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ILS to TZS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 700.3419. Conversely, the yearly low was recorded on October 26, dropping to 613.2758.

This high-to-low spread represents a total annual volatility of 87.0661 TZS. From a start-to-finish perspective, comparing the January average rate of 677.8561 to the December average rate of 685.7555, the exchange rate registered a net change of 1.17% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 700.3419 was down 6.04% compared to the 2022 peak of 745.3448, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,501,709 TZS

2022 Average 3,467,078 TZS

Yearly Trough Low 3,066,379 TZS

Transaction Impact: A difference of 435,330.45 TZS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

691.3360

624.3700

JanuMarcMayJulySeptNove

ILS 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 654.4471, compared to 660.4506 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 6.0035 points.

H1 Avg (Jan–Jun) 654.4471

H2 Avg (Jul–Dec) 660.4506

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 57.5244 TZS (High: 679.8231 / Low: 622.2986). On the other end, September was the most stable month, with a tight range of 8.5119 TZS (High: 659.9250 / Low: 651.4131).

November Spread (Volatile) ±57.5244

September Spread (Stable) ±8.5119

Growth Streaks & Declines

Trends

Between May and August, 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 September and October, when the average rate fell by 26.5228 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -26.5228

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 685.7555) against the same month in 2022 (average: 675.1863), the exchange rate shifted by +10.5693 (+1.57%).

2023 Avg (December) 685.7555

2022 Avg (December) 675.1863

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	693.2471	656.5870	677.8561
February	689.4521	636.0549	659.4028
March	657.9950	633.5052	645.6994
April	654.4612	636.9757	645.0833
May	649.3113	633.2147	642.8245
June	671.8286	631.3539	655.8166
July	681.2804	646.2562	665.7639
August	683.0526	656.2687	666.2474
September	659.9250	651.4131	656.4732
October	658.8112	613.2758	629.9505
November	679.8231	622.2986	658.5129
December	700.3419	672.4341	685.7555