2023 TND to CVE Historical Review

YEARLY HIGH

33.7411 CVE

YEARLY LOW

32.0522 CVE

YEARLY AVERAGE

32.8988 CVE

2023 TND to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TND to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on June 13, valuing the pair at 33.7411. Conversely, the yearly low was recorded on April 17, dropping to 32.0522.

This high-to-low spread represents a total annual volatility of 1.6889 CVE. From a start-to-finish perspective, comparing the January average rate of 33.1566 to the December average rate of 32.6470, the exchange rate registered a net change of -1.54% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 33.7411 was down 6.54% compared to the 2022 peak of 36.1004, 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 168,706 CVE

2022 Average 170,501 CVE

Yearly Trough Low 160,261 CVE

Transaction Impact: A difference of 8,444.62 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

33.2259

32.4911

JanuMarcMayJulySeptNove

TND to CVE 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 33.0619, compared to 32.7358 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3261 points.

H1 Avg (Jan–Jun) 33.0619

H2 Avg (Jul–Dec) 32.7358

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 1.2959 CVE (High: 33.3481 / Low: 32.0522). On the other end, October was the most stable month, with a tight range of 0.4498 CVE (High: 33.1417 / Low: 32.6919).

April Spread (Volatile) ±1.2959

October Spread (Stable) ±0.4498

Growth Streaks & Declines

Trends

Between July and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.4314 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.4314

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 32.9837) against the same month in 2022 (average: 34.1331), the exchange rate shifted by -1.1494 (-3.37%).

2023 Avg (June) 32.9837

2022 Avg (June) 34.1331

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	33.5505	32.8146	33.1566
February	33.4939	32.8447	33.1646
March	33.3384	32.3775	33.0236
April	33.3481	32.0522	32.8928
May	33.4006	32.9142	33.1502
June	33.7411	32.6663	32.9837
July	32.9418	32.1441	32.5523
August	33.0252	32.3829	32.7100
September	33.2518	32.7751	32.9119
October	33.1417	32.6919	32.9310
November	33.0723	32.4225	32.6624
December	33.2342	32.4383	32.6470