2023 NIO to TZS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 NIO to TZS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the NIO to TZS exchange rate experienced significant fluctuation. The market reached its absolute peak on November 18, valuing the pair at 69.0260. Conversely, the yearly low was recorded on February 13, dropping to 63.5785.
This high-to-low spread represents a total annual volatility of 5.4475 TZS. From a start-to-finish perspective, comparing the January average rate of 63.9834 to the December average rate of 68.5141, the exchange rate registered a net change of 7.08% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 69.0260 was up 4.94% compared to the 2022 peak of 65.7776, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NIO based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
NIO 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 64.3373, compared to 68.1453 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.8080 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was August, with a trading range of 1.6186 TZS (High: 68.6269 / Low: 67.0083). On the other end, January was the most stable month, with a tight range of 0.4421 TZS (High: 64.2582 / Low: 63.8161).
Growth Streaks & Declines
TrendsBetween March and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0935 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2023: 68.3926) against the same month in 2022 (average: 64.7537), the exchange rate shifted by +3.6389 (+5.62%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 64.2582 | 63.8161 | 63.9834 |
| February | 64.3087 | 63.5785 | 64.0091 |
| March | 64.3397 | 63.6930 | 63.9566 |
| April | 64.9686 | 63.7415 | 64.2080 |
| May | 64.7945 | 64.2978 | 64.5611 |
| June | 66.0903 | 64.5544 | 65.3055 |
| July | 67.2877 | 65.9672 | 66.7991 |
| August | 68.6269 | 67.0083 | 68.1860 |
| September | 68.8073 | 68.1838 | 68.4936 |
| October | 68.9080 | 68.2080 | 68.4861 |
| November | 69.0260 | 68.0747 | 68.3926 |
| December | 68.7717 | 68.2656 | 68.5141 |