YEARLY HIGH
18.4543 PHP
YEARLY LOW
17.2896 PHP
YEARLY AVERAGE
17.9222 PHP

2023 TND to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TND to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on September 5, valuing the pair at 18.4543. Conversely, the yearly low was recorded on March 16, dropping to 17.2896.

This high-to-low spread represents a total annual volatility of 1.1647 PHP. From a start-to-finish perspective, comparing the January average rate of 17.7727 to the December average rate of 17.9171, the exchange rate registered a net change of 0.81% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 18.4543 was down 2.06% compared to the 2022 peak of 18.8432, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 TND based on timing:

Yearly Peak High 92,272 PHP
2022 Average 88,407 PHP
Yearly Trough Low 86,448 PHP
Transaction Impact: A difference of 5,823.43 PHP purely based on transaction execution date.

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18.2830
17.4685
JanuMarcMayJulySeptNove

TND to PHP 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 17.8723, compared to 17.9720 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0997 points.

H1 Avg (Jan–Jun) 17.8723
H2 Avg (Jul–Dec) 17.9720

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.6220 PHP (High: 18.4096 / Low: 17.7876). On the other end, October was the most stable month, with a tight range of 0.1883 PHP (High: 17.9775 / Low: 17.7892).

August Spread (Volatile) Âą0.6220
October Spread (Stable) Âą0.1883

Growth Streaks & Declines

Trends

Between March and May, 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 September and October, when the average rate fell by 0.2033 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.2033

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2023: 18.0997) against the same month in 2022 (average: 17.8766), the exchange rate shifted by +0.2231 (+1.25%).

2023 Avg (September) 18.0997
2022 Avg (September) 17.8766

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Month High Low Average
January 17.9556 17.4761 17.7727
February 17.9084 17.3986 17.6508
March 17.8339 17.2896 17.5364
April 18.3495 17.8042 18.0470
May 18.3580 17.9707 18.1863
June 18.1448 17.8255 18.0408
July 18.0779 17.6512 17.9040
August 18.4096 17.7876 18.2151
September 18.4543 17.8429 18.0997
October 17.9775 17.7892 17.8964
November 17.9251 17.5070 17.7999
December 18.2042 17.6771 17.9171