2024 NIO to TZS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 NIO to TZS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the NIO to TZS exchange rate experienced significant fluctuation. The market reached its absolute peak on September 26, valuing the pair at 74.3552. Conversely, the yearly low was recorded on December 16, dropping to 63.9364.
This high-to-low spread represents a total annual volatility of 10.4188 TZS. From a start-to-finish perspective, comparing the January average rate of 68.7716 to the December average rate of 67.0566, the exchange rate registered a net change of -2.49% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 74.3552 was up 7.72% compared to the 2023 peak of 69.0260, 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 2024.
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 69.8767, compared to 72.2864 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.4097 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was December, with a trading range of 7.8359 TZS (High: 71.7723 / Low: 63.9364). On the other end, October was the most stable month, with a tight range of 0.5227 TZS (High: 74.1833 / Low: 73.6606).
Growth Streaks & Declines
TrendsBetween January and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 5.4266 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 74.0563) against the same month in 2023 (average: 68.4936), the exchange rate shifted by +5.5626 (+8.12%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 69.5485 | 68.4726 | 68.7716 |
| February | 69.3417 | 68.5646 | 69.0836 |
| March | 70.0752 | 69.1507 | 69.4205 |
| April | 70.5831 | 69.9135 | 70.1771 |
| May | 70.9949 | 70.2430 | 70.5534 |
| June | 72.7541 | 70.7598 | 71.2542 |
| July | 73.3614 | 71.8460 | 72.6106 |
| August | 74.2340 | 73.0572 | 73.5214 |
| September | 74.3552 | 73.7190 | 74.0563 |
| October | 74.1833 | 73.6606 | 73.9904 |
| November | 74.0670 | 71.7393 | 72.4833 |
| December | 71.7723 | 63.9364 | 67.0566 |