2023 JMD to TZS Historical Review

YEARLY HIGH

16.2917 TZS

YEARLY LOW

15.0714 TZS

YEARLY AVERAGE

15.7148 TZS

2023 JMD to TZS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JMD to TZS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 16.2917. Conversely, the yearly low was recorded on February 15, dropping to 15.0714.

This high-to-low spread represents a total annual volatility of 1.2203 TZS. From a start-to-finish perspective, comparing the January average rate of 15.2681 to the December average rate of 16.1753, the exchange rate registered a net change of 5.94% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 16.2917 was up 3.56% compared to the 2022 peak of 15.7323, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 81,459 TZS

2022 Average 75,808 TZS

Yearly Trough Low 75,357 TZS

Transaction Impact: A difference of 6,101.71 TZS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

16.3190

15.0367

JanuMarcMayJulySeptNove

JMD 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 15.3256, compared to 16.1039 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.7783 points.

H1 Avg (Jan–Jun) 15.3256

H2 Avg (Jul–Dec) 16.1039

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.5001 TZS (High: 16.2662 / Low: 15.7662). On the other end, September was the most stable month, with a tight range of 0.1199 TZS (High: 16.2607 / Low: 16.1409).

August Spread (Volatile) ±0.5001

September Spread (Stable) ±0.1199

Growth Streaks & Declines

Trends

Between May and September, 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 January and February, when the average rate fell by 0.1245 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.1245

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 16.1753) against the same month in 2022 (average: 15.2248), the exchange rate shifted by +0.9505 (+6.24%).

2023 Avg (December) 16.1753

2022 Avg (December) 15.2248

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	15.4426	15.1259	15.2681
February	15.2173	15.0714	15.1436
March	15.5259	15.1406	15.3676
April	15.5542	15.3015	15.4117
May	15.4054	15.2383	15.3098
June	15.6808	15.2527	15.4527
July	15.9226	15.6483	15.8204
August	16.2662	15.7662	16.1343
September	16.2607	16.1409	16.2122
October	16.2580	16.0830	16.1682
November	16.2199	16.0119	16.1131
December	16.2917	16.0753	16.1753