2024 SCR to TZS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 SCR to TZS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the SCR to TZS exchange rate experienced significant fluctuation. The market reached its absolute peak on September 24, valuing the pair at 213.1075. Conversely, the yearly low was recorded on December 16, dropping to 155.8536.
This high-to-low spread represents a total annual volatility of 57.2539 TZS. From a start-to-finish perspective, comparing the January average rate of 188.3684 to the December average rate of 174.8953, the exchange rate registered a net change of -7.15% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 213.1075 was up 8.22% compared to the 2023 peak of 196.9173, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SCR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
SCR 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 189.1685, compared to 193.5400 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 4.3715 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was December, with a trading range of 42.5236 TZS (High: 198.3772 / Low: 155.8536). On the other end, May was the most stable month, with a tight range of 6.2142 TZS (High: 193.3962 / Low: 187.1820).
Growth Streaks & Declines
TrendsBetween June and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 19.1104 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 202.7138) against the same month in 2023 (average: 190.7098), the exchange rate shifted by +12.0040 (+6.29%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 193.3382 | 181.1748 | 188.3684 |
| February | 193.0268 | 183.8863 | 188.7987 |
| March | 191.4264 | 179.0774 | 187.8727 |
| April | 192.2956 | 179.5368 | 190.0873 |
| May | 193.3962 | 187.1820 | 190.0205 |
| June | 193.4443 | 178.6161 | 189.8635 |
| July | 198.3281 | 189.5844 | 193.7097 |
| August | 211.6204 | 178.4874 | 197.1035 |
| September | 213.1075 | 195.7065 | 202.7138 |
| October | 208.3782 | 181.0064 | 198.8122 |
| November | 200.5807 | 184.7183 | 194.0057 |
| December | 198.3772 | 155.8536 | 174.8953 |