2023 MAD to TND Historical Review

YEARLY HIGH

0.3198 TND

YEARLY LOW

0.2964 TND

YEARLY AVERAGE

0.3066 TND

2023 MAD to TND Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MAD to TND exchange rate experienced significant fluctuation. The market reached its absolute peak on July 27, valuing the pair at 0.3198. Conversely, the yearly low was recorded on February 5, dropping to 0.2964.

This high-to-low spread represents a total annual volatility of 0.0234 TND. From a start-to-finish perspective, comparing the January average rate of 0.3021 to the December average rate of 0.3086, the exchange rate registered a net change of 2.17% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3198 was up 2.16% compared to the 2022 peak of 0.3130, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,599 TND

2022 Average 1,518 TND

Yearly Trough Low 1,482 TND

Transaction Impact: A difference of 116.78 TND purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3163

0.3004

JanuMarcMayJulySeptNove

MAD 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 0.3033, compared to 0.3099 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0066 points.

H1 Avg (Jan–Jun) 0.3033

H2 Avg (Jul–Dec) 0.3099

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.0153 TND (High: 0.3194 / Low: 0.3041). On the other end, May was the most stable month, with a tight range of 0.0043 TND (High: 0.3054 / Low: 0.3012).

August Spread (Volatile) ±0.0153

May Spread (Stable) ±0.0043

Growth Streaks & Declines

Trends

Between February and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0056 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0056

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.3149) against the same month in 2022 (average: 0.3037), the exchange rate shifted by +0.0112 (+3.70%).

2023 Avg (July) 0.3149

2022 Avg (July) 0.3037

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3055	0.2972	0.3021
February	0.3055	0.2964	0.3017
March	0.3064	0.2982	0.3022
April	0.3101	0.2976	0.3023
May	0.3054	0.3012	0.3034
June	0.3131	0.3033	0.3079
July	0.3198	0.3104	0.3149
August	0.3194	0.3041	0.3123
September	0.3098	0.3026	0.3067
October	0.3118	0.3064	0.3088
November	0.3122	0.3058	0.3081
December	0.3118	0.3025	0.3086