2023 TND to TOP Historical Review

YEARLY HIGH

0.7800 TOP

YEARLY LOW

0.7430 TOP

YEARLY AVERAGE

0.7612 TOP

2023 TND to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TND to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on April 28, valuing the pair at 0.7800. Conversely, the yearly low was recorded on February 22, dropping to 0.7430.

This high-to-low spread represents a total annual volatility of 0.0370 TOP. From a start-to-finish perspective, comparing the January average rate of 0.7537 to the December average rate of 0.7583, the exchange rate registered a net change of 0.61% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.7800 was down 2.48% compared to the 2022 peak of 0.7998, 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 3,900 TOP

2022 Average 3,784 TOP

Yearly Trough Low 3,715 TOP

Transaction Impact: A difference of 184.97 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.7711

0.7503

JanuMarcMayJulySeptNove

TND to TOP 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 0.7603, compared to 0.7621 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0018 points.

H1 Avg (Jan–Jun) 0.7603

H2 Avg (Jul–Dec) 0.7621

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.0291 TOP (High: 0.7800 / Low: 0.7509). On the other end, October was the most stable month, with a tight range of 0.0105 TOP (High: 0.7612 / Low: 0.7507).

April Spread (Volatile) ±0.0291

October Spread (Stable) ±0.0105

Growth Streaks & Declines

Trends

Between February and May, 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 August and September, when the average rate fell by 0.0073 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0073

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 0.7687) against the same month in 2022 (average: 0.7566), the exchange rate shifted by +0.0121 (+1.60%).

2023 Avg (April) 0.7687

2022 Avg (April) 0.7566

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7613	0.7480	0.7537
February	0.7647	0.7430	0.7521
March	0.7731	0.7481	0.7557
April	0.7800	0.7509	0.7687
May	0.7765	0.7600	0.7693
June	0.7705	0.7578	0.7623
July	0.7740	0.7581	0.7657
August	0.7745	0.7615	0.7694
September	0.7721	0.7522	0.7620
October	0.7612	0.7507	0.7556
November	0.7694	0.7545	0.7615
December	0.7666	0.7536	0.7583