2023 TZS to MGA Historical Review

YEARLY HIGH

1.9484 MGA

YEARLY LOW

1.7824 MGA

YEARLY AVERAGE

1.8385 MGA

2023 TZS to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TZS to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on January 10, valuing the pair at 1.9484. Conversely, the yearly low was recorded on August 18, dropping to 1.7824.

This high-to-low spread represents a total annual volatility of 0.1659 MGA. From a start-to-finish perspective, comparing the January average rate of 1.8846 to the December average rate of 1.8240, the exchange rate registered a net change of -3.21% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.9484 was up 1.42% compared to the 2022 peak of 1.9211, 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 9,742 MGA

2022 Average 8,877 MGA

Yearly Trough Low 8,912 MGA

Transaction Impact: A difference of 829.64 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.8930

1.7915

JanuMarcMayJulySeptNove

TZS to MGA 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 1.8631, compared to 1.8140 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0491 points.

H1 Avg (Jan–Jun) 1.8631

H2 Avg (Jul–Dec) 1.8140

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.1258 MGA (High: 1.9484 / Low: 1.8226). On the other end, May was the most stable month, with a tight range of 0.0150 MGA (High: 1.8737 / Low: 1.8587).

January Spread (Volatile) ±0.1258

May Spread (Stable) ±0.0150

Growth Streaks & Declines

Trends

Between February and April, 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 January and February, when the average rate fell by 0.0445 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0445

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 1.8846) against the same month in 2022 (average: 1.7263), the exchange rate shifted by +0.1583 (+9.17%).

2023 Avg (January) 1.8846

2022 Avg (January) 1.7263

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.9484	1.8226	1.8846
February	1.8526	1.8258	1.8401
March	1.8704	1.8283	1.8464
April	1.8788	1.8509	1.8671
May	1.8737	1.8587	1.8656
June	1.8969	1.8586	1.8748
July	1.8885	1.8032	1.8443
August	1.8405	1.7824	1.8046
September	1.8158	1.7860	1.8000
October	1.8161	1.8006	1.8074
November	1.8131	1.7862	1.8036
December	1.8417	1.7893	1.8240