2023 BND to TND Historical Review

YEARLY HIGH

2.3629 TND

YEARLY LOW

2.2664 TND

YEARLY AVERAGE

2.3116 TND

2023 BND to TND Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BND to TND exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 2.3629. Conversely, the yearly low was recorded on April 29, dropping to 2.2664.

This high-to-low spread represents a total annual volatility of 0.0965 TND. From a start-to-finish perspective, comparing the January average rate of 2.3294 to the December average rate of 2.3259, the exchange rate registered a net change of -0.15% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.3629 was down 1.62% compared to the 2022 peak of 2.4019, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11,814 TND

2022 Average 11,175 TND

Yearly Trough Low 11,332 TND

Transaction Impact: A difference of 482.53 TND purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.3379

2.2844

JanuMarcMayJulySeptNove

BND to TND 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 2.3139, compared to 2.3093 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0046 points.

H1 Avg (Jan–Jun) 2.3139

H2 Avg (Jul–Dec) 2.3093

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.0878 TND (High: 2.3542 / Low: 2.2664). On the other end, May was the most stable month, with a tight range of 0.0218 TND (High: 2.3016 / Low: 2.2798).

April Spread (Volatile) ±0.0878

May Spread (Stable) ±0.0218

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 March and April, when the average rate fell by 0.0278 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0278

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 2.3296) against the same month in 2022 (average: 2.1696), the exchange rate shifted by +0.1601 (+7.38%).

2023 Avg (March) 2.3296

2022 Avg (March) 2.1696

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.3536	2.3098	2.3294
February	2.3572	2.2983	2.3335
March	2.3629	2.2914	2.3296
April	2.3542	2.2664	2.3018
May	2.3016	2.2798	2.2904
June	2.3155	2.2819	2.2988
July	2.3275	2.2787	2.2981
August	2.3159	2.2720	2.2889
September	2.3217	2.2673	2.3033
October	2.3347	2.3058	2.3180
November	2.3449	2.2902	2.3216
December	2.3394	2.2945	2.3259