2023 ZAR to TZS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 ZAR to TZS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the ZAR to TZS exchange rate experienced significant fluctuation. The market reached its absolute peak on July 26, valuing the pair at 139.3457. Conversely, the yearly low was recorded on May 25, dropping to 119.5471.
This high-to-low spread represents a total annual volatility of 19.7986 TZS. From a start-to-finish perspective, comparing the January average rate of 136.6897 to the December average rate of 135.1198, the exchange rate registered a net change of -1.15% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 139.3457 was down 12.93% compared to the 2022 peak of 160.0419, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 ZAR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
ZAR to TZS 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 129.1663, compared to 133.4687 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 4.3024 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was July, with a trading range of 12.1383 TZS (High: 139.3457 / Low: 127.2074). On the other end, September was the most stable month, with a tight range of 4.0485 TZS (High: 133.8457 / Low: 129.7972).
Growth Streaks & Declines
TrendsBetween 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 January and February, when the average rate fell by 6.3229 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2023: 134.0771) against the same month in 2022 (average: 138.6652), the exchange rate shifted by -4.5882 (-3.31%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 139.2623 | 133.9914 | 136.6897 |
| February | 136.8222 | 126.6250 | 130.3667 |
| March | 131.4417 | 122.8371 | 127.7820 |
| April | 131.4417 | 126.6336 | 129.0864 |
| May | 128.7265 | 119.5471 | 123.5940 |
| June | 131.4124 | 120.5071 | 127.4792 |
| July | 139.3457 | 127.2074 | 134.0771 |
| August | 135.4012 | 130.0446 | 132.8284 |
| September | 133.8457 | 129.7972 | 132.1025 |
| October | 134.0464 | 128.6302 | 131.6435 |
| November | 137.7142 | 132.5916 | 135.0411 |
| December | 137.7998 | 131.3357 | 135.1198 |