2024 TZS to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 TZS to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the TZS to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 1.9919. Conversely, the yearly low was recorded on September 26, dropping to 1.6535.
This high-to-low spread represents a total annual volatility of 0.3384 MGA. From a start-to-finish perspective, comparing the January average rate of 1.8108 to the December average rate of 1.9088, the exchange rate registered a net change of 5.41% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 1.9919 was up 2.23% compared to the 2023 peak of 1.9484, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 TZS based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
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)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 1.7438, compared to 1.7298 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0140 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was December, with a trading range of 0.2147 MGA (High: 1.9919 / Low: 1.7772). On the other end, May was the most stable month, with a tight range of 0.0151 MGA (High: 1.7176 / Low: 1.7025).
Growth Streaks & Declines
TrendsBetween 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 March and April, when the average rate fell by 0.0479 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 1.9088) against the same month in 2023 (average: 1.8240), the exchange rate shifted by +0.0847 (+4.65%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1.8327 | 1.7744 | 1.8108 |
| February | 1.8041 | 1.7743 | 1.7869 |
| March | 1.7752 | 1.6994 | 1.7497 |
| April | 1.7195 | 1.6851 | 1.7018 |
| May | 1.7176 | 1.7025 | 1.7081 |
| June | 1.7249 | 1.6726 | 1.7057 |
| July | 1.7013 | 1.6687 | 1.6860 |
| August | 1.7057 | 1.6657 | 1.6879 |
| September | 1.6787 | 1.6535 | 1.6667 |
| October | 1.7016 | 1.6656 | 1.6852 |
| November | 1.7769 | 1.6954 | 1.7442 |
| December | 1.9919 | 1.7772 | 1.9088 |