2023 SGD to TND Historical Review

YEARLY HIGH

2.3559 TND

YEARLY LOW

2.2689 TND

YEARLY AVERAGE

2.3109 TND

2023 SGD to TND Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SGD to TND exchange rate experienced significant fluctuation. The market reached its absolute peak on January 26, valuing the pair at 2.3559. Conversely, the yearly low was recorded on April 28, dropping to 2.2689.

This high-to-low spread represents a total annual volatility of 0.0870 TND. From a start-to-finish perspective, comparing the January average rate of 2.3334 to the December average rate of 2.3276, the exchange rate registered a net change of -0.25% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.3559 was down 2.22% compared to the 2022 peak of 2.4095, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11,780 TND

2022 Average 11,176 TND

Yearly Trough Low 11,344 TND

Transaction Impact: A difference of 435.19 TND purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.3380

2.2835

JanuMarcMayJulySeptNove

SGD 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 2.3129, compared to 2.3090 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0039 points.

H1 Avg (Jan–Jun) 2.3129

H2 Avg (Jul–Dec) 2.3090

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.0809 TND (High: 2.3498 / Low: 2.2689). On the other end, October was the most stable month, with a tight range of 0.0239 TND (High: 2.3293 / Low: 2.3054).

April Spread (Volatile) ±0.0809

October Spread (Stable) ±0.0239

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0290 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0290

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 2.3334) against the same month in 2022 (average: 2.1366), the exchange rate shifted by +0.1969 (+9.21%).

2023 Avg (January) 2.3334

2022 Avg (January) 2.1366

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.3559	2.3156	2.3334
February	2.3542	2.2941	2.3313
March	2.3551	2.2907	2.3277
April	2.3498	2.2689	2.2987
May	2.2985	2.2744	2.2886
June	2.3141	2.2755	2.2977
July	2.3314	2.2763	2.2972
August	2.3124	2.2717	2.2880
September	2.3243	2.2724	2.3016
October	2.3293	2.3054	2.3177
November	2.3549	2.3070	2.3218
December	2.3417	2.2995	2.3276