2023 TND to MWK Historical Review

YEARLY HIGH

552.0101 MWK

YEARLY LOW

321.0718 MWK

YEARLY AVERAGE

366.0459 MWK

2023 TND to MWK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TND to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 17, valuing the pair at 552.0101. Conversely, the yearly low was recorded on March 8, dropping to 321.0718.

This high-to-low spread represents a total annual volatility of 230.9383 MWK. From a start-to-finish perspective, comparing the January average rate of 331.0363 to the December average rate of 543.6010, the exchange rate registered a net change of 64.21% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 552.0101 was up 63.34% compared to the 2022 peak of 337.9603, 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 2,760,051 MWK

2022 Average 1,510,890 MWK

Yearly Trough Low 1,605,359 MWK

Transaction Impact: A difference of 1,154,691.59 MWK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

565.0613

307.5374

JanuMarcMayJulySeptNove

TND to MWK 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 331.7490, compared to 400.3428 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 68.5938 points.

H1 Avg (Jan–Jun) 331.7490

H2 Avg (Jul–Dec) 400.3428

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 190.4767 MWK (High: 543.4225 / Low: 352.9458). On the other end, May was the most stable month, with a tight range of 7.8584 MWK (High: 338.1780 / Low: 330.3197).

November Spread (Volatile) ±190.4767

May Spread (Stable) ±7.8584

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 3.1137 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -3.1137

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 543.6010) against the same month in 2022 (average: 323.3424), the exchange rate shifted by +220.2586 (+68.12%).

2023 Avg (December) 543.6010

2022 Avg (December) 323.3424

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	336.7498	327.2874	331.0363
February	340.7170	325.5235	330.2697
March	337.8640	321.0718	328.9977
April	339.2217	327.0928	334.6022
May	338.1780	330.3197	334.3509
June	339.9971	327.5752	331.2372
July	347.7772	338.6751	342.8404
August	353.8126	337.9231	347.8895
September	352.6882	335.4180	345.6348
October	367.1417	340.1315	361.6738
November	543.4225	352.9458	460.4171
December	552.0101	537.8176	543.6010