2023 SYP to TZS Historical Review

YEARLY HIGH

1.0037 TZS

YEARLY LOW

0.9183 TZS

YEARLY AVERAGE

0.9637 TZS

2023 SYP to TZS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SYP to TZS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 1.0037. Conversely, the yearly low was recorded on March 18, dropping to 0.9183.

This high-to-low spread represents a total annual volatility of 0.0854 TZS. From a start-to-finish perspective, comparing the January average rate of 0.9290 to the December average rate of 0.9999, the exchange rate registered a net change of 7.64% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.0037 was up 7.46% compared to the 2022 peak of 0.9340, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,018 TZS

2022 Average 4,629 TZS

Yearly Trough Low 4,592 TZS

Transaction Impact: A difference of 426.89 TZS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.0070

0.9219

JanuMarcMayJulySeptNove

SYP 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 0.9350, compared to 0.9924 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0574 points.

H1 Avg (Jan–Jun) 0.9350

H2 Avg (Jul–Dec) 0.9924

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0232 TZS (High: 0.9775 / Low: 0.9542). On the other end, January was the most stable month, with a tight range of 0.0041 TZS (High: 0.9313 / Low: 0.9272).

July Spread (Volatile) ±0.0232

January Spread (Stable) ±0.0041

Growth Streaks & Declines

Trends

Between March and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0009 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0009

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.9999) against the same month in 2022 (average: 0.9287), the exchange rate shifted by +0.0712 (+7.67%).

2023 Avg (December) 0.9999

2022 Avg (December) 0.9287

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9313	0.9272	0.9290
February	0.9379	0.9257	0.9297
March	0.9324	0.9183	0.9291
April	0.9357	0.9281	0.9332
May	0.9431	0.9346	0.9390
June	0.9612	0.9413	0.9501
July	0.9775	0.9542	0.9713
August	0.9976	0.9771	0.9929
September	0.9990	0.9927	0.9972
October	1.0010	0.9935	0.9971
November	1.0018	0.9882	0.9962
December	1.0037	0.9954	0.9999