2023 TND to BIF Historical Review

YEARLY HIGH

937.4484 BIF

YEARLY LOW

655.3394 BIF

YEARLY AVERAGE

820.0227 BIF

2023 TND to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TND to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on July 21, valuing the pair at 937.4484. Conversely, the yearly low was recorded on March 18, dropping to 655.3394.

This high-to-low spread represents a total annual volatility of 282.1090 BIF. From a start-to-finish perspective, comparing the January average rate of 669.3883 to the December average rate of 919.9850, the exchange rate registered a net change of 37.44% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 937.4484 was up 33.11% compared to the 2022 peak of 704.2795, 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 4,687,242 BIF

2022 Average 3,317,151 BIF

Yearly Trough Low 3,276,697 BIF

Transaction Impact: A difference of 1,410,545.01 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

948.4319

639.5273

JanuMarcMayJulySeptNove

TND to BIF 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 729.1886, compared to 910.8568 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 181.6682 points.

H1 Avg (Jan–Jun) 729.1886

H2 Avg (Jul–Dec) 910.8568

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 243.2498 BIF (High: 917.3715 / Low: 674.1217). On the other end, October was the most stable month, with a tight range of 11.6383 BIF (High: 900.4051 / Low: 888.7668).

May Spread (Volatile) ±243.2498

October Spread (Stable) ±11.6383

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 13.0483 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -13.0483

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 922.6898) against the same month in 2022 (average: 661.7023), the exchange rate shifted by +260.9875 (+39.44%).

2023 Avg (July) 922.6898

2022 Avg (July) 661.7023

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	680.0874	659.9277	669.3883
February	687.3979	657.1260	667.1652
March	683.9429	655.3394	665.2693
April	688.1188	663.4491	679.2065
May	917.3715	674.1217	779.5071
June	923.1269	907.2506	914.5949
July	937.4484	910.9223	922.6898
August	922.9198	911.0646	916.8496
September	918.6743	893.7908	903.8013
October	900.4051	888.7668	894.6068
November	918.9340	884.5542	907.2080
December	933.4024	909.2370	919.9850