2023 SRD to TZS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 SRD to TZS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the SRD to TZS exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 74.0553. Conversely, the yearly low was recorded on May 10, dropping to 62.2178.
This high-to-low spread represents a total annual volatility of 11.8375 TZS. From a start-to-finish perspective, comparing the January average rate of 73.3657 to the December average rate of 67.2453, the exchange rate registered a net change of -8.34% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 74.0553 was down 35.06% compared to the 2022 peak of 114.0323, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SRD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
SRD 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 67.0606, compared to 65.6074 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.4532 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 5.0299 TZS (High: 69.8227 / Low: 64.7927). On the other end, October was the most stable month, with a tight range of 0.9173 TZS (High: 66.0851 / Low: 65.1678).
Growth Streaks & Declines
TrendsBetween May and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 3.7483 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 73.3657) against the same month in 2022 (average: 108.9773), the exchange rate shifted by -35.6115 (-32.68%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 74.0553 | 72.0670 | 73.3657 |
| February | 73.0507 | 68.8017 | 71.2186 |
| March | 69.8227 | 64.7927 | 67.5123 |
| April | 65.2244 | 62.8467 | 63.7640 |
| May | 63.5256 | 62.2178 | 63.1807 |
| June | 64.1255 | 62.5198 | 63.3220 |
| July | 65.4054 | 63.0089 | 64.2368 |
| August | 65.6399 | 63.6637 | 65.1807 |
| September | 65.8232 | 64.8222 | 65.4164 |
| October | 66.0851 | 65.1678 | 65.6709 |
| November | 66.5873 | 65.0861 | 65.8942 |
| December | 68.6295 | 66.2018 | 67.2453 |