2019 TND to MAD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2019.
2019 TND to MAD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2019
During 2019, the TND to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 3.4465. Conversely, the yearly low was recorded on February 21, dropping to 3.1065.
This high-to-low spread represents a total annual volatility of 0.3400 MAD. From a start-to-finish perspective, comparing the January average rate of 3.2168 to the December average rate of 3.3907, the exchange rate registered a net change of 5.40% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2019 high of 3.4465 was down 10.63% compared to the 2018 peak of 3.8565, 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 MAD 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 3.2061, compared to 3.3726 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1664 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2019 was June, with a trading range of 0.1380 MAD (High: 3.3565 / Low: 3.2185). On the other end, October was the most stable month, with a tight range of 0.0210 MAD (High: 3.4102 / Low: 3.3891).
Growth Streaks & Declines
TrendsBetween February and October, 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 January and February, when the average rate fell by 0.0496 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2019: 3.3907) against the same month in 2018 (average: 3.2426), the exchange rate shifted by +0.1481 (+4.57%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 3.2519 | 3.1617 | 3.2168 |
| February | 3.2111 | 3.1065 | 3.1672 |
| March | 3.2000 | 3.1357 | 3.1724 |
| April | 3.2067 | 3.1801 | 3.1932 |
| May | 3.2408 | 3.1941 | 3.2199 |
| June | 3.3565 | 3.2185 | 3.2671 |
| July | 3.3540 | 3.3013 | 3.3316 |
| August | 3.3632 | 3.3155 | 3.3453 |
| September | 3.4102 | 3.3389 | 3.3781 |
| October | 3.4102 | 3.3891 | 3.3988 |
| November | 3.4090 | 3.3768 | 3.3909 |
| December | 3.4465 | 3.3675 | 3.3907 |