2023 TJS to CDF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 TJS to CDF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the TJS to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 21, valuing the pair at 256.2667. Conversely, the yearly low was recorded on May 12, dropping to 186.8636.
This high-to-low spread represents a total annual volatility of 69.4032 CDF. From a start-to-finish perspective, comparing the January average rate of 200.2292 to the December average rate of 248.8818, the exchange rate registered a net change of 24.30% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 256.2667 was up 22.86% compared to the 2022 peak of 208.5761, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 TJS based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
TJS to CDF 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 200.3942, compared to 231.4821 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 31.0879 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 26.7949 CDF (High: 213.6584 / Low: 186.8636). On the other end, August was the most stable month, with a tight range of 4.2009 CDF (High: 226.8325 / Low: 222.6317).
Growth Streaks & Declines
TrendsBetween August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 5.3852 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 248.8818) against the same month in 2022 (average: 201.6799), the exchange rate shifted by +47.2019 (+23.40%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 202.9621 | 198.1632 | 200.2292 |
| February | 207.6021 | 191.0403 | 198.5735 |
| March | 207.2013 | 187.4132 | 196.1992 |
| April | 201.2125 | 187.0293 | 190.8140 |
| May | 213.6584 | 186.8636 | 200.4426 |
| June | 220.4763 | 212.5631 | 216.1065 |
| July | 233.1891 | 220.4763 | 225.9674 |
| August | 226.8325 | 222.6317 | 225.6246 |
| September | 228.0321 | 223.7697 | 226.1759 |
| October | 237.3099 | 225.4023 | 229.6060 |
| November | 249.4437 | 223.9654 | 232.6368 |
| December | 256.2667 | 243.7266 | 248.8818 |