2023 MXN to TZS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MXN to TZS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MXN to TZS exchange rate experienced significant fluctuation. The market reached its absolute peak on August 26, valuing the pair at 149.6002. Conversely, the yearly low was recorded on January 1, dropping to 119.6736.
This high-to-low spread represents a total annual volatility of 29.9266 TZS. From a start-to-finish perspective, comparing the January average rate of 123.0933 to the December average rate of 146.3636, the exchange rate registered a net change of 18.90% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 149.6002 was up 22.81% compared to the 2022 peak of 121.8181, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 MXN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
MXN 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 129.4814, compared to 144.1550 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 14.6736 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 8.3245 TZS (High: 130.3142 / Low: 121.9897). On the other end, April was the most stable month, with a tight range of 3.4042 TZS (High: 130.7549 / Low: 127.3507).
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 September and October, when the average rate fell by 6.3356 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2023: 146.8692) against the same month in 2022 (average: 115.8862), the exchange rate shifted by +30.9830 (+26.74%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 124.9966 | 119.6736 | 123.0933 |
| February | 127.4427 | 121.6414 | 125.6229 |
| March | 130.3142 | 121.9897 | 126.8594 |
| April | 130.7549 | 127.3507 | 129.7758 |
| May | 135.1116 | 130.8851 | 133.0915 |
| June | 141.2438 | 134.7340 | 138.4456 |
| July | 147.0976 | 140.0145 | 144.2441 |
| August | 149.6002 | 142.7612 | 146.8692 |
| September | 146.8263 | 141.7614 | 144.8606 |
| October | 144.1652 | 136.3393 | 138.5250 |
| November | 147.0472 | 140.3881 | 144.0675 |
| December | 148.5944 | 143.5292 | 146.3636 |