2023 TND to SGD Historical Review

YEARLY HIGH

0.4407 SGD

YEARLY LOW

0.4245 SGD

YEARLY AVERAGE

0.4328 SGD

2023 TND to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TND to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 28, valuing the pair at 0.4407. Conversely, the yearly low was recorded on January 26, dropping to 0.4245.

This high-to-low spread represents a total annual volatility of 0.0163 SGD. From a start-to-finish perspective, comparing the January average rate of 0.4286 to the December average rate of 0.4296, the exchange rate registered a net change of 0.25% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4407 was down 6.68% compared to the 2022 peak of 0.4723, 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 2,204 SGD

2022 Average 2,239 SGD

Yearly Trough Low 2,122 SGD

Transaction Impact: A difference of 81.42 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4379

0.4277

JanuMarcMayJulySeptNove

TND to SGD 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 0.4324, compared to 0.4331 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0007 points.

H1 Avg (Jan–Jun) 0.4324

H2 Avg (Jul–Dec) 0.4331

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.0152 SGD (High: 0.4407 / Low: 0.4256). On the other end, October was the most stable month, with a tight range of 0.0045 SGD (High: 0.4338 / Low: 0.4293).

April Spread (Volatile) ±0.0152

October Spread (Stable) ±0.0045

Growth Streaks & Declines

Trends

Between January and May, 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 September and October, when the average rate fell by 0.0030 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0030

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 0.4351) against the same month in 2022 (average: 0.4554), the exchange rate shifted by -0.0203 (-4.45%).

2023 Avg (April) 0.4351

2022 Avg (April) 0.4554

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4319	0.4245	0.4286
February	0.4359	0.4248	0.4290
March	0.4365	0.4246	0.4296
April	0.4407	0.4256	0.4351
May	0.4397	0.4351	0.4370
June	0.4395	0.4321	0.4352
July	0.4393	0.4289	0.4353
August	0.4402	0.4324	0.4371
September	0.4401	0.4302	0.4345
October	0.4338	0.4293	0.4315
November	0.4335	0.4247	0.4307
December	0.4349	0.4270	0.4296