2019 TND to GHS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2019.
2019 TND to GHS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2019
During 2019, the TND to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on May 19, valuing the pair at 4.8487. Conversely, the yearly low was recorded on January 6, dropping to 1.6176.
This high-to-low spread represents a total annual volatility of 3.2311 GHS. From a start-to-finish perspective, comparing the January average rate of 1.6537 to the December average rate of 2.0080, the exchange rate registered a net change of 21.42% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2019 high of 4.8487 was up 155.05% compared to the 2018 peak of 1.9011, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 TND based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2019.
TND to GHS Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 1.7618, compared to 1.9257 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1639 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2019 was May, with a trading range of 3.1455 GHS (High: 4.8487 / Low: 1.7032). On the other end, July was the most stable month, with a tight range of 0.0201 GHS (High: 1.8850 / Low: 1.8649).
Growth Streaks & Declines
TrendsBetween April and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0734 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (May 2019: 1.8305) against the same month in 2018 (average: 1.8137), the exchange rate shifted by +0.0168 (+0.92%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1.6943 | 1.6176 | 1.6537 |
| February | 1.7968 | 1.6434 | 1.7464 |
| March | 1.8639 | 1.6871 | 1.7894 |
| April | 1.7910 | 1.6883 | 1.7160 |
| May | 4.8487 | 1.7032 | 1.8305 |
| June | 1.9267 | 1.7844 | 1.8350 |
| July | 1.8850 | 1.8649 | 1.8724 |
| August | 1.9121 | 1.8615 | 1.8926 |
| September | 1.9250 | 1.8866 | 1.9139 |
| October | 1.9441 | 1.8741 | 1.9195 |
| November | 1.9708 | 1.9311 | 1.9478 |
| December | 2.0541 | 1.9712 | 2.0080 |