2024 TZS to NGN Historical Review

YEARLY HIGH

0.6598 NGN

YEARLY LOW

0.3402 NGN

YEARLY AVERAGE

0.5615 NGN

2024 TZS to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the TZS to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 16, valuing the pair at 0.6598. Conversely, the yearly low was recorded on January 17, dropping to 0.3402.

This high-to-low spread represents a total annual volatility of 0.3195 NGN. From a start-to-finish perspective, comparing the January average rate of 0.3618 to the December average rate of 0.6376, the exchange rate registered a net change of 76.25% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.6598 was up 84.69% compared to the 2023 peak of 0.3572, 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 3,299 NGN

2023 Average 1,303 NGN

Yearly Trough Low 1,701 NGN

Transaction Impact: A difference of 1,597.74 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.6652

0.3342

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 0.5187, compared to 0.6043 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0856 points.

H1 Avg (Jan–Jun) 0.5187

H2 Avg (Jul–Dec) 0.6043

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.2760 NGN (High: 0.6312 / Low: 0.3552). On the other end, October was the most stable month, with a tight range of 0.0186 NGN (High: 0.6131 / Low: 0.5945).

February Spread (Volatile) ±0.2760

October Spread (Stable) ±0.0186

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.1036 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.1036

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.6376) against the same month in 2023 (average: 0.3225), the exchange rate shifted by +0.3152 (+97.74%).

2024 Avg (December) 0.6376

2023 Avg (December) 0.3225

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3814	0.3402	0.3618
February	0.6312	0.3552	0.5413
March	0.6316	0.5409	0.5986
April	0.5525	0.4638	0.4950
May	0.5837	0.4764	0.5464
June	0.5777	0.5255	0.5690
July	0.6151	0.5255	0.5689
August	0.6155	0.5802	0.5903
September	0.6116	0.5845	0.5995
October	0.6131	0.5945	0.6014
November	0.6407	0.6090	0.6279
December	0.6598	0.6048	0.6376