2023 TZS to BIF Historical Review

YEARLY HIGH

1.1959 BIF

YEARLY LOW

0.8769 BIF

YEARLY AVERAGE

1.0483 BIF

2023 TZS to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TZS to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on May 19, valuing the pair at 1.1959. Conversely, the yearly low was recorded on April 30, dropping to 0.8769.

This high-to-low spread represents a total annual volatility of 0.3190 BIF. From a start-to-finish perspective, comparing the January average rate of 0.8864 to the December average rate of 1.1347, the exchange rate registered a net change of 28.01% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.1959 was up 34.13% compared to the 2022 peak of 0.8916, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,980 BIF

2022 Average 4,390 BIF

Yearly Trough Low 4,385 BIF

Transaction Impact: A difference of 1,595.04 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.2151

0.8565

JanuMarcMayJulySeptNove

TZS to BIF 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 0.9582, compared to 1.1383 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1801 points.

H1 Avg (Jan–Jun) 0.9582

H2 Avg (Jul–Dec) 1.1383

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.3131 BIF (High: 1.1959 / Low: 0.8829). On the other end, December was the most stable month, with a tight range of 0.0067 BIF (High: 1.1379 / Low: 1.1312).

May Spread (Volatile) ±0.3131

December Spread (Stable) ±0.0067

Growth Streaks & Declines

Trends

Between September and December, 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 June and July, when the average rate fell by 0.0257 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0257

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 1.0139) against the same month in 2022 (average: 0.8747), the exchange rate shifted by +0.1392 (+15.91%).

2023 Avg (May) 1.0139

2022 Avg (May) 0.8747

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8895	0.8811	0.8864
February	0.8911	0.8824	0.8876
March	0.8927	0.8836	0.8895
April	0.8931	0.8769	0.8868
May	1.1959	0.8829	1.0139
June	1.1957	1.1704	1.1852
July	1.1768	1.1505	1.1595
August	1.1551	1.1288	1.1361
September	1.1366	1.1255	1.1319
October	1.1389	1.1249	1.1329
November	1.1394	1.1250	1.1345
December	1.1379	1.1312	1.1347