2023 TND to ETB Historical Review

YEARLY HIGH

18.4138 ETB

YEARLY LOW

16.9663 ETB

YEARLY AVERAGE

17.6408 ETB

2023 TND to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TND to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 18.4138. Conversely, the yearly low was recorded on March 18, dropping to 16.9663.

This high-to-low spread represents a total annual volatility of 1.4475 ETB. From a start-to-finish perspective, comparing the January average rate of 17.3538 to the December average rate of 18.1237, the exchange rate registered a net change of 4.44% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 18.4138 was up 4.05% compared to the 2022 peak of 17.6963, 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 92,069 ETB

2022 Average 84,334 ETB

Yearly Trough Low 84,831 ETB

Transaction Impact: A difference of 7,237.42 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

18.2137

17.1329

JanuMarcMayJulySeptNove

TND to ETB 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 17.4885, compared to 17.7931 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3046 points.

H1 Avg (Jan–Jun) 17.4885

H2 Avg (Jul–Dec) 17.7931

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.7351 ETB (High: 17.7014 / Low: 16.9663). On the other end, October was the most stable month, with a tight range of 0.2393 ETB (High: 17.6530 / Low: 17.4138).

March Spread (Volatile) ±0.7351

October Spread (Stable) ±0.2393

Growth Streaks & Declines

Trends

Between 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 0.2207 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.2207

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 18.1237) against the same month in 2022 (average: 16.8881), the exchange rate shifted by +1.2356 (+7.32%).

2023 Avg (December) 18.1237

2022 Avg (December) 16.8881

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	17.5933	17.1285	17.3538
February	17.7772	17.0526	17.2835
March	17.7014	16.9663	17.2230
April	17.9307	17.2780	17.6959
May	17.9459	17.5331	17.7312
June	17.8053	17.4795	17.6439
July	18.1441	17.6200	17.8792
August	17.9800	17.7063	17.8192
September	17.8956	17.4087	17.5985
October	17.6530	17.4138	17.5278
November	18.1346	17.4357	17.8102
December	18.4138	17.8150	18.1237