2023 TND to AOA Historical Review

YEARLY HIGH

272.8194 AOA

YEARLY LOW

159.7222 AOA

YEARLY AVERAGE

220.7020 AOA

2023 TND to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TND to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on July 20, valuing the pair at 272.8194. Conversely, the yearly low was recorded on March 8, dropping to 159.7222.

This high-to-low spread represents a total annual volatility of 113.0972 AOA. From a start-to-finish perspective, comparing the January average rate of 163.0027 to the December average rate of 268.1658, the exchange rate registered a net change of 64.52% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 272.8194 was up 41.57% compared to the 2022 peak of 192.7104, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,364,097 AOA

2022 Average 749,575 AOA

Yearly Trough Low 798,611 AOA

Transaction Impact: A difference of 565,486.05 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

279.8987

151.3981

JanuMarcMayJulySeptNove

TND to AOA 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 175.6558, compared to 265.7482 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 90.0924 points.

H1 Avg (Jan–Jun) 175.6558

H2 Avg (Jul–Dec) 265.7482

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 75.9973 AOA (High: 266.7348 / Low: 190.7375). On the other end, August was the most stable month, with a tight range of 2.5984 AOA (High: 268.2650 / Low: 265.6666).

June Spread (Volatile) ±75.9973

August Spread (Stable) ±2.5984

Growth Streaks & Declines

Trends

Between March and July, 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 August and September, when the average rate fell by 3.2612 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -3.2612

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 269.1903) against the same month in 2022 (average: 138.6231), the exchange rate shifted by +130.5673 (+94.19%).

2023 Avg (July) 269.1903

2022 Avg (July) 138.6231

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	165.3360	160.7497	163.0027
February	166.5098	159.7675	162.5027
March	166.4753	159.7222	162.1065
April	168.1518	161.7207	165.7944
May	188.8156	167.1221	172.8513
June	266.7348	190.7375	227.6775
July	272.8194	266.3977	269.1903
August	268.2650	265.6666	267.1694
September	267.2081	260.6553	263.9081
October	262.5495	259.6371	260.9139
November	267.9981	260.6448	265.1416
December	271.5357	265.3656	268.1658