2024 SVC to TZS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 SVC to TZS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the SVC to TZS exchange rate experienced significant fluctuation. The market reached its absolute peak on August 25, valuing the pair at 312.7552. Conversely, the yearly low was recorded on December 16, dropping to 268.9511.
This high-to-low spread represents a total annual volatility of 43.8040 TZS. From a start-to-finish perspective, comparing the January average rate of 288.1008 to the December average rate of 281.9912, the exchange rate registered a net change of -2.12% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 312.7552 was up 8.32% compared to the 2023 peak of 288.7213, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SVC based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
SVC 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 293.6848, compared to 304.0242 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 10.3394 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was December, with a trading range of 32.8842 TZS (High: 301.8353 / Low: 268.9511). On the other end, October was the most stable month, with a tight range of 2.3152 TZS (High: 311.9058 / Low: 309.5906).
Growth Streaks & Declines
TrendsBetween 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 November and December, when the average rate fell by 22.7355 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2024: 309.4166) against the same month in 2023 (average: 285.1079), the exchange rate shifted by +24.3087 (+8.53%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 291.5746 | 287.0177 | 288.1008 |
| February | 291.6727 | 288.5110 | 290.3208 |
| March | 294.9255 | 290.8825 | 291.9772 |
| April | 296.9317 | 294.0558 | 295.3994 |
| May | 298.0171 | 295.0353 | 296.6603 |
| June | 306.0469 | 297.5418 | 299.6502 |
| July | 308.8509 | 302.2802 | 305.4438 |
| August | 312.7552 | 307.1376 | 309.4166 |
| September | 312.7450 | 310.2994 | 311.4392 |
| October | 311.9058 | 309.5906 | 311.1277 |
| November | 311.4308 | 301.7113 | 304.7267 |
| December | 301.8353 | 268.9511 | 281.9912 |