2024 TOP to TZS Historical Review

YEARLY HIGH

1169.7942 TZS

YEARLY LOW

982.1155 TZS

YEARLY AVERAGE

1103.8457 TZS

2024 TOP to TZS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the TOP to TZS exchange rate experienced significant fluctuation. The market reached its absolute peak on September 30, valuing the pair at 1169.7942. Conversely, the yearly low was recorded on December 16, dropping to 982.1155.

This high-to-low spread represents a total annual volatility of 187.6787 TZS. From a start-to-finish perspective, comparing the January average rate of 1070.0526 to the December average rate of 1030.1562, the exchange rate registered a net change of -3.73% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 1169.7942 was up 8.11% compared to the 2023 peak of 1082.0348, 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 5,848,971 TZS

2023 Average 5,126,096 TZS

Yearly Trough Low 4,910,578 TZS

Transaction Impact: A difference of 938,393.28 TZS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1175.5811

1016.9357

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 1085.2896, compared to 1122.4018 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 37.1122 points.

H1 Avg (Jan–Jun) 1085.2896

H2 Avg (Jul–Dec) 1122.4018

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 120.1729 TZS (High: 1102.2884 / Low: 982.1155). On the other end, March was the most stable month, with a tight range of 13.1417 TZS (High: 1084.9202 / Low: 1071.7785).

December Spread (Volatile) ±120.1729

March Spread (Stable) ±13.1417

Growth Streaks & Declines

Trends

Between 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 85.2334 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -85.2334

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 1162.3607) against the same month in 2023 (average: 1047.7990), the exchange rate shifted by +114.5617 (+10.93%).

2024 Avg (September) 1162.3607

2023 Avg (September) 1047.7990

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1081.8048	1061.6495	1070.0526
February	1080.7583	1063.7220	1073.0455
March	1084.9202	1071.7785	1078.0646
April	1089.1621	1073.5592	1083.4239
May	1104.6627	1083.6675	1095.7194
June	1131.8895	1101.7251	1111.4315
July	1136.0567	1119.2554	1129.2303
August	1163.2192	1125.2423	1144.1720
September	1169.7942	1153.6124	1162.3607
October	1166.5040	1136.8499	1153.1020
November	1143.4125	1100.4322	1115.3896
December	1102.2884	982.1155	1030.1562