2023 MVR to TZS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MVR to TZS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MVR to TZS exchange rate experienced significant fluctuation. The market reached its absolute peak on November 8, valuing the pair at 164.2126. Conversely, the yearly low was recorded on March 18, dropping to 149.8255.
This high-to-low spread represents a total annual volatility of 14.3870 TZS. From a start-to-finish perspective, comparing the January average rate of 151.7183 to the December average rate of 163.4233, the exchange rate registered a net change of 7.71% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 164.2126 was up 7.52% compared to the 2022 peak of 152.7332, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MVR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
MVR 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 152.9485, compared to 162.1078 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 9.1593 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 3.5232 TZS (High: 157.7400 / Low: 154.2169). On the other end, January was the most stable month, with a tight range of 1.0582 TZS (High: 152.3382 / Low: 151.2800).
Growth Streaks & Declines
TrendsBetween March and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.3063 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2023: 162.9088) against the same month in 2022 (average: 151.2851), the exchange rate shifted by +11.6237 (+7.68%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 152.3382 | 151.2800 | 151.7183 |
| February | 153.5116 | 151.4203 | 152.1334 |
| March | 152.6680 | 149.8255 | 151.8272 |
| April | 153.1596 | 151.7241 | 152.6727 |
| May | 154.8697 | 152.9721 | 153.7487 |
| June | 157.7400 | 154.2169 | 155.5906 |
| July | 159.9926 | 156.5963 | 158.7145 |
| August | 163.3082 | 159.8307 | 162.2797 |
| September | 163.0331 | 161.3823 | 162.5107 |
| October | 163.5179 | 162.0918 | 162.8096 |
| November | 164.2126 | 160.8162 | 162.9088 |
| December | 164.1344 | 162.7209 | 163.4233 |