2023 ZAR to TND Historical Review

YEARLY HIGH

0.1851 TND

YEARLY LOW

0.1562 TND

YEARLY AVERAGE

0.1684 TND

2023 ZAR to TND Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ZAR to TND exchange rate experienced significant fluctuation. The market reached its absolute peak on January 4, valuing the pair at 0.1851. Conversely, the yearly low was recorded on May 25, dropping to 0.1562.

This high-to-low spread represents a total annual volatility of 0.0289 TND. From a start-to-finish perspective, comparing the January average rate of 0.1810 to the December average rate of 0.1667, the exchange rate registered a net change of -7.94% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1851 was down 10.31% compared to the 2022 peak of 0.2064, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 ZAR based on timing:

Yearly Peak High 9,255 TND

2022 Average 9,430 TND

Yearly Trough Low 7,812 TND

Transaction Impact: A difference of 1,443.36 TND purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1831

0.1586

JanuMarcMayJulySeptNove

ZAR to TND 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 0.1699, compared to 0.1668 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0031 points.

H1 Avg (Jan–Jun) 0.1699

H2 Avg (Jul–Dec) 0.1668

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0140 TND (High: 0.1754 / Low: 0.1614). On the other end, December was the most stable month, with a tight range of 0.0056 TND (High: 0.1697 / Low: 0.1640).

July Spread (Volatile) ±0.0140

December Spread (Stable) ±0.0056

Growth Streaks & Declines

Trends

Between August and November, 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 April and May, when the average rate fell by 0.0079 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0079

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.1810) against the same month in 2022 (average: 0.1862), the exchange rate shifted by -0.0052 (-2.79%).

2023 Avg (January) 0.1810

2022 Avg (January) 0.1862

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1851	0.1752	0.1810
February	0.1780	0.1699	0.1734
March	0.1731	0.1666	0.1708
April	0.1736	0.1648	0.1686
May	0.1664	0.1562	0.1606
June	0.1697	0.1575	0.1652
July	0.1754	0.1614	0.1685
August	0.1689	0.1612	0.1646
September	0.1686	0.1615	0.1655
October	0.1703	0.1628	0.1667
November	0.1749	0.1643	0.1689
December	0.1697	0.1640	0.1667