2023 TND to AFN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 TND to AFN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the TND to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 4, valuing the pair at 29.7685. Conversely, the yearly low was recorded on November 18, dropping to 22.0649.
This high-to-low spread represents a total annual volatility of 7.7036 AFN. From a start-to-finish perspective, comparing the January average rate of 28.7495 to the December average rate of 22.5748, the exchange rate registered a net change of -21.48% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 29.7685 was down 19.13% compared to the 2022 peak of 36.8088, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 TND based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
TND to AFN Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 28.4216, compared to 24.9353 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 3.4863 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was September, with a trading range of 2.9068 AFN (High: 26.3337 / Low: 23.4269). On the other end, June was the most stable month, with a tight range of 0.9021 AFN (High: 28.4229 / Low: 27.5208).
Growth Streaks & Declines
TrendsBetween March and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 2.4687 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2023: 28.8519) against the same month in 2022 (average: 32.3962), the exchange rate shifted by -3.5443 (-10.94%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 29.3139 | 28.0548 | 28.7495 |
| February | 29.7685 | 27.8578 | 28.8519 |
| March | 28.5486 | 27.5612 | 28.0709 |
| April | 29.3740 | 27.3720 | 28.2980 |
| May | 29.1773 | 28.0019 | 28.5298 |
| June | 28.4229 | 27.5208 | 28.0296 |
| July | 28.8827 | 27.6729 | 28.2478 |
| August | 28.0682 | 26.2506 | 27.3124 |
| September | 26.3337 | 23.4269 | 24.8437 |
| October | 24.6545 | 23.0891 | 23.8069 |
| November | 23.6771 | 22.0649 | 22.8263 |
| December | 23.0954 | 22.1340 | 22.5748 |