2024 MGA to TZS Historical Review

YEARLY HIGH

0.6048 TZS

YEARLY LOW

0.5020 TZS

YEARLY AVERAGE

0.5767 TZS

2024 MGA to TZS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MGA to TZS exchange rate experienced significant fluctuation. The market reached its absolute peak on September 26, valuing the pair at 0.6048. Conversely, the yearly low was recorded on December 14, dropping to 0.5020.

This high-to-low spread represents a total annual volatility of 0.1027 TZS. From a start-to-finish perspective, comparing the January average rate of 0.5523 to the December average rate of 0.5249, the exchange rate registered a net change of -4.96% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.6048 was up 7.80% compared to the 2023 peak of 0.5610, 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 3,024 TZS

2023 Average 2,720 TZS

Yearly Trough Low 2,510 TZS

Transaction Impact: A difference of 513.68 TZS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.6075

0.5174

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 0.5738, compared to 0.5796 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0057 points.

H1 Avg (Jan–Jun) 0.5738

H2 Avg (Jul–Dec) 0.5796

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 0.0606 TZS (High: 0.5627 / Low: 0.5020). On the other end, May was the most stable month, with a tight range of 0.0052 TZS (High: 0.5874 / Low: 0.5822).

December Spread (Volatile) ±0.0606

May Spread (Stable) ±0.0052

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 November and December, when the average rate fell by 0.0485 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0485

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 0.6000) against the same month in 2023 (average: 0.5556), the exchange rate shifted by +0.0444 (+8.00%).

2024 Avg (September) 0.6000

2023 Avg (September) 0.5556

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5636	0.5456	0.5523
February	0.5636	0.5543	0.5596
March	0.5885	0.5633	0.5717
April	0.5934	0.5816	0.5876
May	0.5874	0.5822	0.5854
June	0.5979	0.5798	0.5863
July	0.5993	0.5878	0.5931
August	0.6004	0.5863	0.5925
September	0.6048	0.5957	0.6000
October	0.6004	0.5877	0.5934
November	0.5898	0.5628	0.5734
December	0.5627	0.5020	0.5249