2023 TND to JMD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 TND to JMD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the TND to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 51.2914. Conversely, the yearly low was recorded on March 19, dropping to 47.8060.
This high-to-low spread represents a total annual volatility of 3.4854 JMD. From a start-to-finish perspective, comparing the January average rate of 49.4633 to the December average rate of 50.1231, the exchange rate registered a net change of 1.33% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 51.2914 was down 6.94% compared to the 2022 peak of 55.1139, 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 JMD 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 49.6102, compared to 49.6937 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0836 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was February, with a trading range of 2.5236 JMD (High: 51.2914 / Low: 48.7678). On the other end, June was the most stable month, with a tight range of 0.6286 JMD (High: 50.2475 / Low: 49.6189).
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 February and March, when the average rate fell by 0.9646 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2023: 49.6364) against the same month in 2022 (average: 54.3016), the exchange rate shifted by -4.6652 (-8.59%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 50.4388 | 48.3158 | 49.4633 |
| February | 51.2914 | 48.7678 | 49.6364 |
| March | 49.6296 | 47.8060 | 48.6718 |
| April | 50.5349 | 48.5899 | 49.6954 |
| May | 50.7887 | 49.7592 | 50.2536 |
| June | 50.2475 | 49.6189 | 49.9405 |
| July | 51.0109 | 49.6894 | 50.3016 |
| August | 50.4497 | 49.6886 | 50.0197 |
| September | 49.9249 | 48.6528 | 49.2512 |
| October | 49.2095 | 48.5544 | 48.8394 |
| November | 50.2302 | 48.5645 | 49.6275 |
| December | 51.0277 | 49.5845 | 50.1231 |