2023 TRY to TZS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 TRY to TZS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the TRY to TZS exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 125.1183. Conversely, the yearly low was recorded on December 29, dropping to 85.1532.
This high-to-low spread represents a total annual volatility of 39.9651 TZS. From a start-to-finish perspective, comparing the January average rate of 124.2783 to the December average rate of 86.3347, the exchange rate registered a net change of -30.53% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 125.1183 was down 28.94% compared to the 2022 peak of 176.0833, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 TRY based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
TRY to TZS 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 118.7833, compared to 90.1906 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 28.5927 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 20.9672 TZS (High: 113.1535 / Low: 92.1863). On the other end, January was the most stable month, with a tight range of 0.8771 TZS (High: 124.8339 / Low: 123.9568).
Growth Streaks & Declines
TrendsBetween July and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 18.2633 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2023: 123.9205) against the same month in 2022 (average: 169.5971), the exchange rate shifted by -45.6766 (-26.93%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 124.8339 | 123.9568 | 124.2783 |
| February | 125.1183 | 123.3040 | 123.9205 |
| March | 124.3074 | 121.3041 | 122.8554 |
| April | 121.9538 | 120.8278 | 121.2164 |
| May | 120.8963 | 113.9303 | 119.3463 |
| June | 113.1535 | 92.1863 | 101.0831 |
| July | 93.8817 | 90.5967 | 92.1956 |
| August | 96.6767 | 90.9828 | 92.6896 |
| September | 93.8185 | 91.2315 | 92.7604 |
| October | 91.3834 | 88.2511 | 89.8387 |
| November | 88.1810 | 86.5120 | 87.3246 |
| December | 87.0277 | 85.1532 | 86.3347 |