2023 TND to BGN Historical Review

YEARLY HIGH

0.5951 BGN

YEARLY LOW

0.5674 BGN

YEARLY AVERAGE

0.5827 BGN

2023 TND to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TND to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 4, valuing the pair at 0.5951. Conversely, the yearly low was recorded on April 17, dropping to 0.5674.

This high-to-low spread represents a total annual volatility of 0.0276 BGN. From a start-to-finish perspective, comparing the January average rate of 0.5868 to the December average rate of 0.5780, the exchange rate registered a net change of -1.50% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5951 was down 7.75% compared to the 2022 peak of 0.6450, 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 2,975 BGN

2022 Average 3,017 BGN

Yearly Trough Low 2,837 BGN

Transaction Impact: A difference of 138.19 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5894

0.5756

JanuMarcMayJulySeptNove

TND to BGN 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 0.5854, compared to 0.5800 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0054 points.

H1 Avg (Jan–Jun) 0.5854

H2 Avg (Jul–Dec) 0.5800

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.0220 BGN (High: 0.5894 / Low: 0.5674). On the other end, October was the most stable month, with a tight range of 0.0084 BGN (High: 0.5874 / Low: 0.5791).

April Spread (Volatile) ±0.0220

October Spread (Stable) ±0.0084

Growth Streaks & Declines

Trends

Between July and September, 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 June and July, when the average rate fell by 0.0063 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0063

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.5883) against the same month in 2022 (average: 0.5986), the exchange rate shifted by -0.0103 (-1.72%).

2023 Avg (February) 0.5883

2022 Avg (February) 0.5986

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5947	0.5803	0.5868
February	0.5951	0.5826	0.5883
March	0.5948	0.5759	0.5851
April	0.5894	0.5674	0.5822
May	0.5919	0.5807	0.5869
June	0.5906	0.5766	0.5831
July	0.5829	0.5699	0.5768
August	0.5858	0.5749	0.5800
September	0.5897	0.5806	0.5838
October	0.5874	0.5791	0.5835
November	0.5826	0.5721	0.5776
December	0.5847	0.5725	0.5780