2024 TZS to JMD Historical Review

YEARLY HIGH

0.0665 JMD

YEARLY LOW

0.0572 JMD

YEARLY AVERAGE

0.0599 JMD

2024 TZS to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the TZS to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 16, valuing the pair at 0.0665. Conversely, the yearly low was recorded on August 25, dropping to 0.0572.

This high-to-low spread represents a total annual volatility of 0.0092 JMD. From a start-to-finish perspective, comparing the January average rate of 0.0615 to the December average rate of 0.0635, the exchange rate registered a net change of 3.24% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0665 was up 0.17% compared to the 2023 peak of 0.0664, 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

2023 Average 318 JMD

Yearly Trough Low 286 JMD

Transaction Impact: A difference of 46.20 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0641

0.0570

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 0.0605, compared to 0.0592 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0013 points.

H1 Avg (Jan–Jun) 0.0605

H2 Avg (Jul–Dec) 0.0592

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 0.0072 JMD (High: 0.0665 / Low: 0.0593). On the other end, September was the most stable month, with a tight range of 0.0004 JMD (High: 0.0578 / Low: 0.0574).

December Spread (Volatile) ±0.0072

September Spread (Stable) ±0.0004

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 February and March, when the average rate fell by 0.0010 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0010

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.0635) against the same month in 2023 (average: 0.0618), the exchange rate shifted by +0.0017 (+2.75%).

2024 Avg (December) 0.0635

2023 Avg (December) 0.0618

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0619	0.0610	0.0615
February	0.0620	0.0611	0.0616
March	0.0613	0.0596	0.0605
April	0.0603	0.0593	0.0600
May	0.0607	0.0597	0.0602
June	0.0598	0.0583	0.0594
July	0.0591	0.0578	0.0585
August	0.0583	0.0572	0.0579
September	0.0578	0.0574	0.0576
October	0.0584	0.0578	0.0581
November	0.0599	0.0581	0.0594
December	0.0665	0.0593	0.0635