2023 HNL to TND Historical Review

YEARLY HIGH

0.1300 TND

YEARLY LOW

0.1222 TND

YEARLY AVERAGE

0.1258 TND

2023 HNL to TND Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HNL to TND exchange rate experienced significant fluctuation. The market reached its absolute peak on November 3, valuing the pair at 0.1300. Conversely, the yearly low was recorded on February 5, dropping to 0.1222.

This high-to-low spread represents a total annual volatility of 0.0078 TND. From a start-to-finish perspective, comparing the January average rate of 0.1253 to the December average rate of 0.1254, the exchange rate registered a net change of 0.07% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1300 was down 3.47% compared to the 2022 peak of 0.1347, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 650 TND

2022 Average 626 TND

Yearly Trough Low 611 TND

Transaction Impact: A difference of 39.15 TND purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1288

0.1241

JanuMarcMayJulySeptNove

HNL 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 0.1254, compared to 0.1262 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0008 points.

H1 Avg (Jan–Jun) 0.1254

H2 Avg (Jul–Dec) 0.1262

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0057 TND (High: 0.1279 / Low: 0.1222). On the other end, October was the most stable month, with a tight range of 0.0018 TND (High: 0.1294 / Low: 0.1276).

February Spread (Volatile) ±0.0057

October Spread (Stable) ±0.0018

Growth Streaks & Declines

Trends

Between July and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0022 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0022

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.1269) against the same month in 2022 (average: 0.1299), the exchange rate shifted by -0.0030 (-2.31%).

2023 Avg (November) 0.1269

2022 Avg (November) 0.1299

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1271	0.1236	0.1253
February	0.1279	0.1222	0.1261
March	0.1287	0.1236	0.1267
April	0.1274	0.1230	0.1245
May	0.1260	0.1229	0.1245
June	0.1263	0.1245	0.1254
July	0.1263	0.1227	0.1245
August	0.1265	0.1244	0.1256
September	0.1281	0.1254	0.1267
October	0.1294	0.1276	0.1284
November	0.1300	0.1252	0.1269
December	0.1269	0.1237	0.1254