2023 MZN to TND Historical Review

YEARLY HIGH

0.0499 TND

YEARLY LOW

0.0474 TND

YEARLY AVERAGE

0.0486 TND

2023 MZN to TND Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MZN to TND exchange rate experienced significant fluctuation. The market reached its absolute peak on October 4, valuing the pair at 0.0499. Conversely, the yearly low was recorded on April 13, dropping to 0.0474.

This high-to-low spread represents a total annual volatility of 0.0025 TND. From a start-to-finish perspective, comparing the January average rate of 0.0484 to the December average rate of 0.0485, the exchange rate registered a net change of 0.27% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0499 was down 3.92% compared to the 2022 peak of 0.0520, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 250 TND

2022 Average 241 TND

Yearly Trough Low 237 TND

Transaction Impact: A difference of 12.71 TND purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0499

0.0478

JanuMarcMayJulySeptNove

MZN 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 0.0484, compared to 0.0488 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0004 points.

H1 Avg (Jan–Jun) 0.0484

H2 Avg (Jul–Dec) 0.0488

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0019 TND (High: 0.0496 / Low: 0.0477). On the other end, August was the most stable month, with a tight range of 0.0005 TND (High: 0.0487 / Low: 0.0482).

March Spread (Volatile) ±0.0019

August Spread (Stable) ±0.0005

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 0.0009 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0009

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.0497) against the same month in 2022 (average: 0.0509), the exchange rate shifted by -0.0013 (-2.47%).

2023 Avg (October) 0.0497

2022 Avg (October) 0.0509

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0491	0.0478	0.0484
February	0.0493	0.0474	0.0486
March	0.0496	0.0477	0.0489
April	0.0491	0.0474	0.0479
May	0.0485	0.0474	0.0480
June	0.0487	0.0481	0.0484
July	0.0489	0.0475	0.0481
August	0.0487	0.0482	0.0484
September	0.0497	0.0484	0.0491
October	0.0499	0.0494	0.0497
November	0.0498	0.0485	0.0490
December	0.0490	0.0480	0.0485