2023 TZS to NGN Historical Review

YEARLY HIGH

0.3572 NGN

YEARLY LOW

0.1916 NGN

YEARLY AVERAGE

0.2601 NGN

2023 TZS to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TZS to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 0.3572. Conversely, the yearly low was recorded on January 1, dropping to 0.1916.

This high-to-low spread represents a total annual volatility of 0.1656 NGN. From a start-to-finish perspective, comparing the January average rate of 0.1948 to the December average rate of 0.3225, the exchange rate registered a net change of 65.55% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3572 was up 85.71% compared to the 2022 peak of 0.1924, 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 1,786 NGN

2022 Average 911 NGN

Yearly Trough Low 958 NGN

Transaction Impact: A difference of 827.93 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3352

0.1820

JanuMarcMayJulySeptNove

TZS to NGN 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 0.2053, compared to 0.3150 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1097 points.

H1 Avg (Jan–Jun) 0.2053

H2 Avg (Jul–Dec) 0.3150

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.1477 NGN (High: 0.3422 / Low: 0.1945). On the other end, February was the most stable month, with a tight range of 0.0017 NGN (High: 0.1980 / Low: 0.1962).

June Spread (Volatile) ±0.1477

February Spread (Stable) ±0.0017

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0107 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0107

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.3225) against the same month in 2022 (average: 0.1909), the exchange rate shifted by +0.1316 (+68.93%).

2023 Avg (December) 0.3225

2022 Avg (December) 0.1909

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1975	0.1916	0.1948
February	0.1980	0.1962	0.1971
March	0.1976	0.1957	0.1969
April	0.1986	0.1953	0.1967
May	0.1962	0.1944	0.1955
June	0.3422	0.1945	0.2508
July	0.3241	0.3096	0.3184
August	0.3162	0.3017	0.3077
September	0.3149	0.2973	0.3090
October	0.3533	0.3023	0.3125
November	0.3304	0.3127	0.3200
December	0.3572	0.3034	0.3225