2023 ZAR to TJS Historical Review

YEARLY HIGH

0.6233 TJS

YEARLY LOW

0.5391 TJS

YEARLY AVERAGE

0.5859 TJS

2023 ZAR to TJS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ZAR to TJS exchange rate experienced significant fluctuation. The market reached its absolute peak on July 25, valuing the pair at 0.6233. Conversely, the yearly low was recorded on March 9, dropping to 0.5391.

This high-to-low spread represents a total annual volatility of 0.0843 TJS. From a start-to-finish perspective, comparing the January average rate of 0.5992 to the December average rate of 0.5883, the exchange rate registered a net change of -1.81% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.6233 was down 30.43% compared to the 2022 peak of 0.8960, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 ZAR based on timing:

Yearly Peak High 31,167 TJS

2022 Average 33,817 TJS

Yearly Trough Low 26,954 TJS

Transaction Impact: A difference of 4,213.06 TJS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6034

0.5692

JanuMarcMayJulySeptNove

ZAR to TJS 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 0.5855, compared to 0.5864 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0009 points.

H1 Avg (Jan–Jun) 0.5855

H2 Avg (Jul–Dec) 0.5864

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0751 TJS (High: 0.6141 / Low: 0.5391). On the other end, September was the most stable month, with a tight range of 0.0144 TJS (High: 0.5856 / Low: 0.5712).

March Spread (Volatile) ±0.0751

September Spread (Stable) ±0.0144

Growth Streaks & Declines

Trends

Between May and July, 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 April and May, when the average rate fell by 0.0285 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0285

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.6003) against the same month in 2022 (average: 0.6066), the exchange rate shifted by -0.0063 (-1.05%).

2023 Avg (July) 0.6003

2022 Avg (July) 0.6066

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6106	0.5906	0.5992
February	0.6051	0.5435	0.5799
March	0.6141	0.5391	0.5779
April	0.6135	0.5892	0.6005
May	0.5967	0.5518	0.5720
June	0.6008	0.5565	0.5832
July	0.6233	0.5694	0.6003
August	0.5996	0.5714	0.5844
September	0.5856	0.5712	0.5790
October	0.5873	0.5609	0.5763
November	0.6033	0.5779	0.5898
December	0.5994	0.5736	0.5883