2023 TND to MOP Historical Review

YEARLY HIGH

2.6827 MOP

YEARLY LOW

2.5259 MOP

YEARLY AVERAGE

2.5980 MOP

2023 TND to MOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TND to MOP exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 2.6827. Conversely, the yearly low was recorded on November 5, dropping to 2.5259.

This high-to-low spread represents a total annual volatility of 0.1569 MOP. From a start-to-finish perspective, comparing the January average rate of 2.6059 to the December average rate of 2.5990, the exchange rate registered a net change of -0.27% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.6827 was down 4.74% compared to the 2022 peak of 2.8163, 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 13,414 MOP

2022 Average 13,105 MOP

Yearly Trough Low 12,629 MOP

Transaction Impact: A difference of 784.34 MOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.6484

2.5290

JanuMarcMayJulySeptNove

TND to MOP 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 2.6120, compared to 2.5840 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0280 points.

H1 Avg (Jan–Jun) 2.6120

H2 Avg (Jul–Dec) 2.5840

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.1198 MOP (High: 2.6827 / Low: 2.5629). On the other end, October was the most stable month, with a tight range of 0.0330 MOP (High: 2.5610 / Low: 2.5281).

February Spread (Volatile) ±0.1198

October Spread (Stable) ±0.0330

Growth Streaks & Declines

Trends

Between October and December, 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 0.0375 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0375

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 2.6012) against the same month in 2022 (average: 2.7895), the exchange rate shifted by -0.1883 (-6.75%).

2023 Avg (February) 2.6012

2022 Avg (February) 2.7895

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.6467	2.5651	2.6059
February	2.6827	2.5629	2.6012
March	2.6551	2.5480	2.5867
April	2.6704	2.5800	2.6384
May	2.6664	2.6033	2.6320
June	2.6229	2.5894	2.6076
July	2.6584	2.5921	2.6227
August	2.6248	2.5858	2.6073
September	2.6156	2.5363	2.5698
October	2.5610	2.5281	2.5389
November	2.5971	2.5259	2.5660
December	2.6408	2.5700	2.5990