2023 TJS to SZL Historical Review

YEARLY HIGH

1.8599 SZL

YEARLY LOW

1.6049 SZL

YEARLY AVERAGE

1.7073 SZL

2023 TJS to SZL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TJS to SZL exchange rate experienced significant fluctuation. The market reached its absolute peak on March 8, valuing the pair at 1.8599. Conversely, the yearly low was recorded on July 27, dropping to 1.6049.

This high-to-low spread represents a total annual volatility of 0.2551 SZL. From a start-to-finish perspective, comparing the January average rate of 1.6716 to the December average rate of 1.7034, the exchange rate registered a net change of 1.91% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.8599 was up 1.12% compared to the 2022 peak of 1.8393, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 9,300 SZL

2022 Average 7,557 SZL

Yearly Trough Low 8,024 SZL

Transaction Impact: A difference of 1,275.37 SZL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.7522

1.6539

JanuMarcMayJulySeptNove

TJS to SZL 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 1.7078, compared to 1.7067 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0011 points.

H1 Avg (Jan–Jun) 1.7078

H2 Avg (Jul–Dec) 1.7067

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.2290 SZL (High: 1.8599 / Low: 1.6309). On the other end, September was the most stable month, with a tight range of 0.0469 SZL (High: 1.7507 / Low: 1.7038).

March Spread (Volatile) ±0.2290

September Spread (Stable) ±0.0469

Growth Streaks & Declines

Trends

Between July and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0697 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0697

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 1.7318) against the same month in 2022 (average: 1.2116), the exchange rate shifted by +0.5202 (+42.94%).

2023 Avg (March) 1.7318

2022 Avg (March) 1.2116

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.6945	1.6432	1.6716
February	1.8430	1.6610	1.7236
March	1.8599	1.6309	1.7318
April	1.6872	1.6288	1.6621
May	1.8094	1.6745	1.7440
June	1.8105	1.6626	1.7136
July	1.7457	1.6049	1.6677
August	1.7740	1.6437	1.7112
September	1.7507	1.7038	1.7260
October	1.7754	1.7112	1.7385
November	1.7314	1.6595	1.6933
December	1.7485	1.6604	1.7034