2023 QAR to TND Historical Review

YEARLY HIGH

0.8797 TND

YEARLY LOW

0.8256 TND

YEARLY AVERAGE

0.8518 TND

2023 QAR to TND Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the QAR to TND exchange rate experienced significant fluctuation. The market reached its absolute peak on November 3, valuing the pair at 0.8797. Conversely, the yearly low was recorded on February 5, dropping to 0.8256.

This high-to-low spread represents a total annual volatility of 0.0541 TND. From a start-to-finish perspective, comparing the January average rate of 0.8482 to the December average rate of 0.8503, the exchange rate registered a net change of 0.24% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.8797 was down 3.52% compared to the 2022 peak of 0.9118, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,399 TND

2022 Average 4,230 TND

Yearly Trough Low 4,128 TND

Transaction Impact: A difference of 270.65 TND purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.8740

0.8368

JanuMarcMayJulySeptNove

QAR 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 0.8480, compared to 0.8556 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0076 points.

H1 Avg (Jan–Jun) 0.8480

H2 Avg (Jul–Dec) 0.8556

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0398 TND (High: 0.8654 / Low: 0.8256). On the other end, October was the most stable month, with a tight range of 0.0093 TND (High: 0.8756 / Low: 0.8663).

February Spread (Volatile) ±0.0398

October Spread (Stable) ±0.0093

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 0.0159 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0159

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.8602) against the same month in 2022 (average: 0.8833), the exchange rate shifted by -0.0232 (-2.62%).

2023 Avg (November) 0.8602

2022 Avg (November) 0.8833

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8608	0.8319	0.8482
February	0.8654	0.8256	0.8522
March	0.8701	0.8364	0.8559
April	0.8611	0.8268	0.8399
May	0.8506	0.8324	0.8422
June	0.8549	0.8441	0.8493
July	0.8511	0.8313	0.8424
August	0.8551	0.8413	0.8483
September	0.8723	0.8480	0.8616
October	0.8756	0.8663	0.8709
November	0.8797	0.8507	0.8602
December	0.8598	0.8388	0.8503