2023 SAR to TJS Historical Review

YEARLY HIGH

2.9352 TJS

YEARLY LOW

2.6668 TJS

YEARLY AVERAGE

2.8799 TJS

2023 SAR to TJS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SAR to TJS exchange rate experienced significant fluctuation. The market reached its absolute peak on September 30, valuing the pair at 2.9352. Conversely, the yearly low was recorded on March 11, dropping to 2.6668.

This high-to-low spread represents a total annual volatility of 0.2685 TJS. From a start-to-finish perspective, comparing the January average rate of 2.7240 to the December average rate of 2.9163, the exchange rate registered a net change of 7.06% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.9352 was down 15.59% compared to the 2022 peak of 3.4774, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 SAR based on timing:

Yearly Peak High 14,676 TJS

2022 Average 14,610 TJS

Yearly Trough Low 13,334 TJS

Transaction Impact: A difference of 1,342.37 TJS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.9483

2.7036

JanuMarcMayJulySeptNove

SAR to TJS 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 2.8394, compared to 2.9204 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0810 points.

H1 Avg (Jan–Jun) 2.8394

H2 Avg (Jul–Dec) 2.9204

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.2458 TJS (High: 2.9126 / Low: 2.6668). On the other end, May was the most stable month, with a tight range of 0.0139 TJS (High: 2.9198 / Low: 2.9058).

March Spread (Volatile) ±0.2458

May Spread (Stable) ±0.0139

Growth Streaks & Declines

Trends

Between 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 October and November, when the average rate fell by 0.0090 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0090

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2023: 2.9279) against the same month in 2022 (average: 2.6783), the exchange rate shifted by +0.2496 (+9.32%).

2023 Avg (September) 2.9279

2022 Avg (September) 2.6783

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.7417	2.6952	2.7240
February	2.8638	2.6682	2.7698
March	2.9126	2.6668	2.8116
April	2.9169	2.8743	2.9078
May	2.9198	2.9058	2.9113
June	2.9225	2.8931	2.9121
July	2.9229	2.8898	2.9131
August	2.9335	2.9020	2.9258
September	2.9352	2.9181	2.9279
October	2.9337	2.9127	2.9241
November	2.9286	2.9008	2.9151
December	2.9281	2.9050	2.9163