2023 TND to MGA Historical Review

YEARLY HIGH

1506.6367 MGA

YEARLY LOW

1354.4988 MGA

YEARLY AVERAGE

1434.0529 MGA

2023 TND to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TND to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 1506.6367. Conversely, the yearly low was recorded on March 18, dropping to 1354.4988.

This high-to-low spread represents a total annual volatility of 152.1379 MGA. From a start-to-finish perspective, comparing the January average rate of 1423.0332 to the December average rate of 1478.8446, the exchange rate registered a net change of 3.92% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1506.6367 was up 5.06% compared to the 2022 peak of 1434.0589, 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 7,533,184 MGA

2022 Average 6,703,189 MGA

Yearly Trough Low 6,772,494 MGA

Transaction Impact: A difference of 760,689.70 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1488.6254

1371.2553

JanuMarcMayJulySeptNove

TND to MGA 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 1416.5512, compared to 1451.5546 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 35.0034 points.

H1 Avg (Jan–Jun) 1416.5512

H2 Avg (Jul–Dec) 1451.5546

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 91.4898 MGA (High: 1469.9238 / Low: 1378.4340). On the other end, October was the most stable month, with a tight range of 21.7164 MGA (High: 1441.6397 / Low: 1419.9233).

January Spread (Volatile) ±91.4898

October Spread (Stable) ±21.7164

Growth Streaks & Declines

Trends

Between March and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 39.8924 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -39.8924

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 1478.8446) against the same month in 2022 (average: 1394.6923), the exchange rate shifted by +84.1522 (+6.03%).

2023 Avg (December) 1478.8446

2022 Avg (December) 1394.6923

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1469.9238	1378.4340	1423.0332
February	1417.6610	1357.5036	1383.1408
March	1420.0426	1354.4988	1381.0362
April	1457.0957	1400.8827	1429.9223
May	1452.4701	1421.2087	1435.3480
June	1470.0663	1415.4485	1446.8268
July	1482.0452	1443.4941	1467.5417
August	1469.3847	1440.1863	1456.3193
September	1460.7417	1424.7184	1437.2180
October	1441.6397	1419.9233	1427.1636
November	1465.7593	1417.8050	1442.2402
December	1506.6367	1445.5509	1478.8446