2023 TZS to JMD Historical Review

YEARLY HIGH

0.0664 JMD

YEARLY LOW

0.0614 JMD

YEARLY AVERAGE

0.0637 JMD

2023 TZS to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TZS to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 15, valuing the pair at 0.0664. Conversely, the yearly low was recorded on December 30, dropping to 0.0614.

This high-to-low spread represents a total annual volatility of 0.0050 JMD. From a start-to-finish perspective, comparing the January average rate of 0.0655 to the December average rate of 0.0618, the exchange rate registered a net change of -5.61% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0664 was down 2.43% compared to the 2022 peak of 0.0680, 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 332 JMD

2022 Average 330 JMD

Yearly Trough Low 307 JMD

Transaction Impact: A difference of 24.85 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0665

0.0612

JanuMarcMayJulySeptNove

TZS to JMD 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 0.0653, compared to 0.0621 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0032 points.

H1 Avg (Jan–Jun) 0.0653

H2 Avg (Jul–Dec) 0.0621

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.0019 JMD (High: 0.0634 / Low: 0.0615). On the other end, September was the most stable month, with a tight range of 0.0005 JMD (High: 0.0620 / Low: 0.0615).

August Spread (Volatile) ±0.0019

September Spread (Stable) ±0.0005

Growth Streaks & Declines

Trends

Between September and November, 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 June and July, when the average rate fell by 0.0015 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0015

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.0660) against the same month in 2022 (average: 0.0676), the exchange rate shifted by -0.0015 (-2.28%).

2023 Avg (February) 0.0660

2022 Avg (February) 0.0676

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0661	0.0648	0.0655
February	0.0664	0.0657	0.0660
March	0.0660	0.0644	0.0651
April	0.0654	0.0643	0.0649
May	0.0656	0.0649	0.0653
June	0.0656	0.0638	0.0647
July	0.0639	0.0628	0.0632
August	0.0634	0.0615	0.0620
September	0.0620	0.0615	0.0617
October	0.0622	0.0615	0.0619
November	0.0625	0.0617	0.0621
December	0.0622	0.0614	0.0618