2023 TZS to CDF Historical Review

YEARLY HIGH

1.1104 CDF

YEARLY LOW

0.8666 CDF

YEARLY AVERAGE

0.9626 CDF

2023 TZS to CDF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TZS to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 21, valuing the pair at 1.1104. Conversely, the yearly low was recorded on May 4, dropping to 0.8666.

This high-to-low spread represents a total annual volatility of 0.2438 CDF. From a start-to-finish perspective, comparing the January average rate of 0.8778 to the December average rate of 1.0837, the exchange rate registered a net change of 23.46% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.1104 was up 25.62% compared to the 2022 peak of 0.8839, 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 5,552 CDF

2022 Average 4,342 CDF

Yearly Trough Low 4,333 CDF

Transaction Impact: A difference of 1,219.14 CDF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.1043

0.8572

JanuMarcMayJulySeptNove

TZS to CDF 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 0.9084, compared to 1.0168 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1084 points.

H1 Avg (Jan–Jun) 0.9084

H2 Avg (Jul–Dec) 1.0168

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.1207 CDF (High: 0.9873 / Low: 0.8666). On the other end, February was the most stable month, with a tight range of 0.0178 CDF (High: 0.8921 / Low: 0.8743).

May Spread (Volatile) ±0.1207

February Spread (Stable) ±0.0178

Growth Streaks & Declines

Trends

Between January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0191 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0191

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 1.0837) against the same month in 2022 (average: 0.8767), the exchange rate shifted by +0.2070 (+23.61%).

2023 Avg (December) 1.0837

2022 Avg (December) 0.8767

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8853	0.8674	0.8778
February	0.8921	0.8743	0.8830
March	0.8949	0.8737	0.8859
April	0.9296	0.8707	0.8876
May	0.9873	0.8666	0.9276
June	0.9983	0.9800	0.9887
July	1.0387	0.9945	1.0117
August	1.0120	0.9780	0.9927
September	1.0036	0.9813	0.9914
October	1.0394	0.9845	1.0052
November	1.0870	0.9824	1.0161
December	1.1104	1.0596	1.0837