2023 TND to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 TND to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the TND to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 13, valuing the pair at 2858.5382. Conversely, the yearly low was recorded on October 7, dropping to 2691.1976.
This high-to-low spread represents a total annual volatility of 167.3406 GNF. From a start-to-finish perspective, comparing the January average rate of 2803.9571 to the December average rate of 2776.0099, the exchange rate registered a net change of -1.00% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 2858.5382 was down 11.84% compared to the 2022 peak of 3242.5760, 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 2023.
TND to GNF 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 2793.9178, compared to 2761.5003 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 32.4176 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was February, with a trading range of 130.2560 GNF (High: 2858.0260 / Low: 2727.7700). On the other end, August was the most stable month, with a tight range of 38.4904 GNF (High: 2805.5105 / Low: 2767.0201).
Growth Streaks & Declines
TrendsBetween 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 43.4598 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 2803.9571) against the same month in 2022 (average: 3152.0963), the exchange rate shifted by -348.1392 (-11.04%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 2858.5382 | 2768.8459 | 2803.9571 |
| February | 2858.0260 | 2727.7700 | 2782.0634 |
| March | 2837.4610 | 2713.7243 | 2767.3965 |
| April | 2848.9138 | 2739.9983 | 2809.2500 |
| May | 2843.2983 | 2775.0633 | 2812.5691 |
| June | 2811.6366 | 2765.8694 | 2788.2710 |
| July | 2845.7935 | 2770.6821 | 2806.7346 |
| August | 2805.5105 | 2767.0201 | 2785.7487 |
| September | 2785.7720 | 2712.0919 | 2742.2889 |
| October | 2731.9384 | 2691.1976 | 2710.8143 |
| November | 2777.3318 | 2692.6914 | 2747.4053 |
| December | 2816.7210 | 2746.1957 | 2776.0099 |