2023 KWD to TND Historical Review

YEARLY HIGH

10.3410 TND

YEARLY LOW

9.8697 TND

YEARLY AVERAGE

10.0982 TND

2023 KWD to TND Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the KWD to TND exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 10.3410. Conversely, the yearly low was recorded on July 21, dropping to 9.8697.

This high-to-low spread represents a total annual volatility of 0.4713 TND. From a start-to-finish perspective, comparing the January average rate of 10.1157 to the December average rate of 10.0652, the exchange rate registered a net change of -0.50% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 10.3410 was down 3.23% compared to the 2022 peak of 10.6857, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 51,705 TND

2022 Average 50,299 TND

Yearly Trough Low 49,348 TND

Transaction Impact: A difference of 2,356.55 TND purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

10.2860

9.9652

JanuMarcMayJulySeptNove

KWD 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 10.0844, compared to 10.1120 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0276 points.

H1 Avg (Jan–Jun) 10.0844

H2 Avg (Jul–Dec) 10.1120

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.4100 TND (High: 10.3410 / Low: 9.9310). On the other end, October was the most stable month, with a tight range of 0.0997 TND (High: 10.3050 / Low: 10.2054).

March Spread (Volatile) ±0.4100

October Spread (Stable) ±0.0997

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 0.1888 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1888

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 10.1818) against the same month in 2022 (average: 9.7022), the exchange rate shifted by +0.4796 (+4.94%).

2023 Avg (March) 10.1818

2022 Avg (March) 9.7022

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.2432	9.9883	10.1157
February	10.2831	9.9332	10.1548
March	10.3410	9.9310	10.1818
April	10.2332	9.8858	9.9930
May	10.0761	9.8905	9.9919
June	10.1295	10.0063	10.0693
July	10.0872	9.8697	9.9976
August	10.1019	9.9718	10.0377
September	10.2725	10.0243	10.1639
October	10.3050	10.2054	10.2593
November	10.3192	10.0310	10.1487
December	10.1529	9.9525	10.0652