2023 TOP to TZS Historical Review

YEARLY HIGH

1082.0348 TZS

YEARLY LOW

977.6483 TZS

YEARLY AVERAGE

1025.0268 TZS

2023 TOP to TZS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TOP to TZS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 1082.0348. Conversely, the yearly low was recorded on March 18, dropping to 977.6483.

This high-to-low spread represents a total annual volatility of 104.3866 TZS. From a start-to-finish perspective, comparing the January average rate of 1001.9680 to the December average rate of 1069.1493, the exchange rate registered a net change of 6.70% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1082.0348 was up 4.64% compared to the 2022 peak of 1034.0535, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,410,174 TZS

2022 Average 4,991,648 TZS

Yearly Trough Low 4,888,241 TZS

Transaction Impact: A difference of 521,932.83 TZS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1077.0942

981.7559

JanuMarcMayJulySeptNove

TOP 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 999.9977, compared to 1050.0559 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 50.0582 points.

H1 Avg (Jan–Jun) 999.9977

H2 Avg (Jul–Dec) 1050.0559

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 41.7493 TZS (High: 1053.7753 / Low: 1012.0260). On the other end, September was the most stable month, with a tight range of 10.5991 TZS (High: 1051.4490 / Low: 1040.8499).

July Spread (Volatile) ±41.7493

September Spread (Stable) ±10.5991

Growth Streaks & Declines

Trends

Between March and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 9.7427 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -9.7427

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 1069.1493) against the same month in 2022 (average: 994.3743), the exchange rate shifted by +74.7751 (+7.52%).

2023 Avg (December) 1069.1493

2022 Avg (December) 994.3743

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1011.8412	990.6828	1001.9680
February	1019.2100	987.4134	999.4434
March	995.8579	977.6483	989.7007
April	1000.6185	989.5213	996.3393
May	1006.9568	993.1025	1000.1361
June	1025.2021	993.1025	1012.3989
July	1053.7753	1012.0260	1039.3020
August	1054.4836	1041.5686	1048.9102
September	1051.4490	1040.8499	1047.7990
October	1053.3631	1035.5110	1045.0499
November	1062.4966	1036.6898	1050.1249
December	1082.0348	1057.5933	1069.1493