2024 SRD to TZS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 SRD to TZS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the SRD to TZS exchange rate experienced significant fluctuation. The market reached its absolute peak on August 5, valuing the pair at 94.4409. Conversely, the yearly low was recorded on December 16, dropping to 66.8003.
This high-to-low spread represents a total annual volatility of 27.6406 TZS. From a start-to-finish perspective, comparing the January average rate of 68.7000 to the December average rate of 70.0356, the exchange rate registered a net change of 1.94% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 94.4409 was up 27.53% compared to the 2023 peak of 74.0553, 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 2024.
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 74.8875, compared to 84.2449 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 9.3574 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was October, with a trading range of 9.7993 TZS (High: 88.6540 / Low: 78.8547). On the other end, August was the most stable month, with a tight range of 1.5006 TZS (High: 94.4409 / Low: 92.9403).
Growth Streaks & Declines
TrendsBetween January and August, 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 October and November, when the average rate fell by 8.0704 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2024: 93.9321) against the same month in 2023 (average: 65.1807), the exchange rate shifted by +28.7514 (+44.11%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 69.7116 | 68.0650 | 68.7000 |
| February | 72.2417 | 68.6215 | 70.2902 |
| March | 73.3796 | 71.8034 | 72.4750 |
| April | 76.5386 | 73.2919 | 74.6352 |
| May | 81.0146 | 76.7655 | 79.5771 |
| June | 86.7573 | 80.7115 | 83.6476 |
| July | 93.5874 | 85.7704 | 90.0369 |
| August | 94.4409 | 92.9403 | 93.9321 |
| September | 94.1568 | 88.9143 | 91.7937 |
| October | 88.6540 | 78.8547 | 83.8708 |
| November | 78.4183 | 74.4250 | 75.8005 |
| December | 74.5506 | 66.8003 | 70.0356 |