2023 SGD to TZS Historical Review

YEARLY HIGH

1909.4617 TZS

YEARLY LOW

1719.9504 TZS

YEARLY AVERAGE

1802.9596 TZS

2023 SGD to TZS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SGD to TZS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 1909.4617. Conversely, the yearly low was recorded on March 18, dropping to 1719.9504.

This high-to-low spread represents a total annual volatility of 189.5113 TZS. From a start-to-finish perspective, comparing the January average rate of 1762.1138 to the December average rate of 1887.0606, the exchange rate registered a net change of 7.09% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1909.4617 was up 9.77% compared to the 2022 peak of 1739.5378, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 9,547,308 TZS

2022 Average 8,437,756 TZS

Yearly Trough Low 8,599,752 TZS

Transaction Impact: A difference of 947,556.59 TZS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1901.6775

1726.2747

JanuMarcMayJulySeptNove

SGD to TZS 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 1758.2483, compared to 1847.6709 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 89.4226 points.

H1 Avg (Jan–Jun) 1758.2483

H2 Avg (Jul–Dec) 1847.6709

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 79.3033 TZS (High: 1851.7122 / Low: 1772.4089). On the other end, October was the most stable month, with a tight range of 22.6851 TZS (High: 1843.7132 / Low: 1821.0281).

July Spread (Volatile) ±79.3033

October Spread (Stable) ±22.6851

Growth Streaks & Declines

Trends

Between March and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 11.3854 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -11.3854

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 1887.0606) against the same month in 2022 (average: 1725.6249), the exchange rate shifted by +161.4358 (+9.36%).

2023 Avg (December) 1887.0606

2022 Avg (December) 1725.6249

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1783.1932	1732.9593	1762.1138
February	1786.4804	1729.4674	1752.2769
March	1757.4805	1719.9504	1740.8916
April	1774.2780	1748.1325	1760.3120
May	1778.9551	1745.6451	1760.7544
June	1789.7659	1752.5448	1773.1413
July	1851.7122	1772.4089	1828.1014
August	1863.1917	1829.9046	1846.4544
September	1851.4389	1828.2335	1837.6778
October	1843.7132	1821.0281	1830.1453
November	1882.4386	1828.1402	1856.5861
December	1909.4617	1864.7721	1887.0606