2023 MGA to TZS Historical Review

YEARLY HIGH

0.5610 TZS

YEARLY LOW

0.5133 TZS

YEARLY AVERAGE

0.5441 TZS

2023 MGA to TZS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MGA to TZS exchange rate experienced significant fluctuation. The market reached its absolute peak on August 18, valuing the pair at 0.5610. Conversely, the yearly low was recorded on January 10, dropping to 0.5133.

This high-to-low spread represents a total annual volatility of 0.0478 TZS. From a start-to-finish perspective, comparing the January average rate of 0.5310 to the December average rate of 0.5483, the exchange rate registered a net change of 3.25% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5610 was down 3.98% compared to the 2022 peak of 0.5843, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,805 TZS

2022 Average 2,819 TZS

Yearly Trough Low 2,566 TZS

Transaction Impact: A difference of 238.89 TZS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5580

0.5285

JanuMarcMayJulySeptNove

MGA 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 0.5368, compared to 0.5513 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0145 points.

H1 Avg (Jan–Jun) 0.5368

H2 Avg (Jul–Dec) 0.5513

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0354 TZS (High: 0.5487 / Low: 0.5133). On the other end, May was the most stable month, with a tight range of 0.0043 TZS (High: 0.5380 / Low: 0.5337).

January Spread (Volatile) ±0.0354

May Spread (Stable) ±0.0043

Growth Streaks & Declines

Trends

Between June and September, 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 November and December, when the average rate fell by 0.0062 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0062

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.5542) against the same month in 2022 (average: 0.5588), the exchange rate shifted by -0.0046 (-0.82%).

2023 Avg (August) 0.5542

2022 Avg (August) 0.5588

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5487	0.5133	0.5310
February	0.5477	0.5398	0.5435
March	0.5469	0.5346	0.5416
April	0.5403	0.5323	0.5356
May	0.5380	0.5337	0.5360
June	0.5380	0.5272	0.5334
July	0.5546	0.5295	0.5423
August	0.5610	0.5433	0.5542
September	0.5599	0.5507	0.5556
October	0.5554	0.5506	0.5533
November	0.5599	0.5515	0.5544
December	0.5589	0.5430	0.5483