2023 MDL to TZS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MDL to TZS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MDL to TZS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 145.5761. Conversely, the yearly low was recorded on January 8, dropping to 121.5128.
This high-to-low spread represents a total annual volatility of 24.0633 TZS. From a start-to-finish perspective, comparing the January average rate of 122.9124 to the December average rate of 142.7098, the exchange rate registered a net change of 16.11% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 145.5761 was up 11.97% compared to the 2022 peak of 130.0186, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MDL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
MDL to TZS Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 128.1627, compared to 139.6751 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 11.5124 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was July, with a trading range of 9.6568 TZS (High: 141.3325 / Low: 131.6757). On the other end, October was the most stable month, with a tight range of 1.8026 TZS (High: 139.1646 / Low: 137.3620).
Growth Streaks & Declines
TrendsBetween January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 1.7177 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 142.7098) against the same month in 2022 (average: 120.7403), the exchange rate shifted by +21.9695 (+18.20%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 124.9839 | 121.5128 | 122.9124 |
| February | 125.1075 | 123.1990 | 124.4370 |
| March | 127.7944 | 123.5138 | 125.4639 |
| April | 131.6270 | 127.4100 | 129.9951 |
| May | 133.6933 | 130.9543 | 132.7922 |
| June | 134.7123 | 131.9671 | 133.3754 |
| July | 141.3325 | 131.6757 | 136.4171 |
| August | 143.1921 | 138.3140 | 141.1106 |
| September | 140.9853 | 137.2385 | 139.3929 |
| October | 139.1646 | 137.3620 | 138.1760 |
| November | 141.7698 | 137.8640 | 140.2444 |
| December | 145.5761 | 139.4839 | 142.7098 |