2023 TND to PEN Historical Review

YEARLY HIGH

1.2699 PEN

YEARLY LOW

1.1639 PEN

YEARLY AVERAGE

1.2053 PEN

2023 TND to PEN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TND to PEN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 1, valuing the pair at 1.2699. Conversely, the yearly low was recorded on July 26, dropping to 1.1639.

This high-to-low spread represents a total annual volatility of 0.1060 PEN. From a start-to-finish perspective, comparing the January average rate of 1.2370 to the December average rate of 1.2057, the exchange rate registered a net change of -2.53% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.2699 was down 8.49% compared to the 2022 peak of 1.3877, 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 6,349 PEN

2022 Average 6,226 PEN

Yearly Trough Low 5,819 PEN

Transaction Impact: A difference of 529.95 PEN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.2434

1.1670

JanuMarcMayJulySeptNove

TND to PEN 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 1.2149, compared to 1.1958 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0191 points.

H1 Avg (Jan–Jun) 1.2149

H2 Avg (Jul–Dec) 1.1958

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0628 PEN (High: 1.2699 / Low: 1.2070). On the other end, July was the most stable month, with a tight range of 0.0202 PEN (High: 1.1841 / Low: 1.1639).

February Spread (Volatile) ±0.0628

July Spread (Stable) ±0.0202

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0259 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0259

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 1.2350) against the same month in 2022 (average: 1.3168), the exchange rate shifted by -0.0818 (-6.21%).

2023 Avg (February) 1.2350

2022 Avg (February) 1.3168

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.2627	1.2097	1.2370
February	1.2699	1.2070	1.2350
March	1.2344	1.1942	1.2102
April	1.2465	1.2019	1.2272
May	1.2222	1.1842	1.2013
June	1.1963	1.1684	1.1786
July	1.1841	1.1639	1.1734
August	1.2087	1.1684	1.1943
September	1.2032	1.1775	1.1868
October	1.2248	1.1911	1.2100
November	1.2357	1.1838	1.2046
December	1.2337	1.1965	1.2057