2023 NGN to TND Historical Review

YEARLY HIGH

0.0070 TND

YEARLY LOW

0.0034 TND

YEARLY AVERAGE

0.0052 TND

2023 NGN to TND Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NGN to TND exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 0.0070. Conversely, the yearly low was recorded on December 30, dropping to 0.0034.

This high-to-low spread represents a total annual volatility of 0.0036 TND. From a start-to-finish perspective, comparing the January average rate of 0.0068 to the December average rate of 0.0038, the exchange rate registered a net change of -43.63% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0070 was down 9.05% compared to the 2022 peak of 0.0077, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 6,970 TND

2022 Average 7,275 TND

Yearly Trough Low 3,411 TND

Transaction Impact: A difference of 3,558.36 TND purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0071

0.0035

JanuMarcMayJulySeptNove

NGN 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 0.0065, compared to 0.0040 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0025 points.

H1 Avg (Jan–Jun) 0.0065

H2 Avg (Jul–Dec) 0.0040

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0030 TND (High: 0.0067 / Low: 0.0037). On the other end, May was the most stable month, with a tight range of 0.0001 TND (High: 0.0067 / Low: 0.0066).

June Spread (Volatile) ±0.0030

May Spread (Stable) ±0.0001

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 June and July, when the average rate fell by 0.0015 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0015

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0068) against the same month in 2022 (average: 0.0070), the exchange rate shifted by -0.0002 (-2.51%).

2023 Avg (January) 0.0068

2022 Avg (January) 0.0070

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0070	0.0066	0.0068
February	0.0069	0.0066	0.0068
March	0.0069	0.0066	0.0068
April	0.0068	0.0065	0.0066
May	0.0067	0.0066	0.0066
June	0.0067	0.0037	0.0055
July	0.0041	0.0038	0.0039
August	0.0041	0.0040	0.0040
September	0.0042	0.0040	0.0041
October	0.0042	0.0036	0.0041
November	0.0041	0.0038	0.0039
December	0.0040	0.0034	0.0038