2023 TND to MZN Historical Review

YEARLY HIGH

21.1065 MZN

YEARLY LOW

20.0314 MZN

YEARLY AVERAGE

20.5847 MZN

2023 TND to MZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TND to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on April 13, valuing the pair at 21.1065. Conversely, the yearly low was recorded on October 4, dropping to 20.0314.

This high-to-low spread represents a total annual volatility of 1.0751 MZN. From a start-to-finish perspective, comparing the January average rate of 20.6695 to the December average rate of 20.6140, 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 21.1065 was down 5.76% compared to the 2022 peak of 22.3968, 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 105,533 MZN

2022 Average 103,775 MZN

Yearly Trough Low 100,157 MZN

Transaction Impact: A difference of 5,375.74 MZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

20.9376

20.0560

JanuMarcMayJulySeptNove

TND to MZN 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 20.6748, compared to 20.4947 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1802 points.

H1 Avg (Jan–Jun) 20.6748

H2 Avg (Jul–Dec) 20.4947

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.8113 MZN (High: 20.9818 / Low: 20.1705). On the other end, October was the most stable month, with a tight range of 0.2062 MZN (High: 20.2375 / Low: 20.0314).

March Spread (Volatile) ±0.8113

October Spread (Stable) ±0.2062

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 0.2956 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.2956

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 20.8642) against the same month in 2022 (average: 21.2879), the exchange rate shifted by -0.4237 (-1.99%).

2023 Avg (April) 20.8642

2022 Avg (April) 21.2879

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	20.9344	20.3733	20.6695
February	21.0996	20.2951	20.5642
March	20.9818	20.1705	20.4694
April	21.1065	20.3668	20.8642
May	21.0769	20.6201	20.8289
June	20.7787	20.5272	20.6528
July	21.0596	20.4685	20.7988
August	20.7311	20.5155	20.6572
September	20.6548	20.1039	20.3617
October	20.2375	20.0314	20.1294
November	20.6279	20.0659	20.4068
December	20.8534	20.3994	20.6140