2023 TOP to TND Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 TOP to TND Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the TOP to TND exchange rate experienced significant fluctuation. The market reached its absolute peak on February 21, valuing the pair at 1.3459. Conversely, the yearly low was recorded on April 30, dropping to 1.2820.
This high-to-low spread represents a total annual volatility of 0.0638 TND. From a start-to-finish perspective, comparing the January average rate of 1.3268 to the December average rate of 1.3187, the exchange rate registered a net change of -0.61% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 1.3459 was down 3.05% compared to the 2022 peak of 1.3882, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 TOP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
TOP to TND Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 1.3155, compared to 1.3123 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0032 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was April, with a trading range of 0.0498 TND (High: 1.3318 / Low: 1.2820). On the other end, October was the most stable month, with a tight range of 0.0184 TND (High: 1.3321 / Low: 1.3137).
Growth Streaks & Declines
TrendsBetween August and October, 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 March and April, when the average rate fell by 0.0222 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2023: 1.3297) against the same month in 2022 (average: 1.2701), the exchange rate shifted by +0.0597 (+4.70%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1.3368 | 1.3136 | 1.3268 |
| February | 1.3459 | 1.3078 | 1.3297 |
| March | 1.3366 | 1.2935 | 1.3233 |
| April | 1.3318 | 1.2820 | 1.3011 |
| May | 1.3158 | 1.2878 | 1.3000 |
| June | 1.3196 | 1.2979 | 1.3119 |
| July | 1.3191 | 1.2920 | 1.3060 |
| August | 1.3132 | 1.2911 | 1.2998 |
| September | 1.3294 | 1.2952 | 1.3123 |
| October | 1.3321 | 1.3137 | 1.3234 |
| November | 1.3254 | 1.2997 | 1.3133 |
| December | 1.3269 | 1.3045 | 1.3187 |