2014 ARS to TND Historical Review

YEARLY HIGH

0.2526 TND

YEARLY LOW

0.1973 TND

YEARLY AVERAGE

0.2096 TND

2014 ARS to TND Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the ARS to TND exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 0.2526. Conversely, the yearly low was recorded on April 13, dropping to 0.1973.

This high-to-low spread represents a total annual volatility of 0.0553 TND. From a start-to-finish perspective, comparing the January average rate of 0.2368 to the December average rate of 0.2173, the exchange rate registered a net change of -8.21% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.2526 was down 20.55% compared to the 2013 peak of 0.3180, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 ARS based on timing:

Yearly Peak High 1,263 TND

2013 Average 1,490 TND

Yearly Trough Low 986 TND

Transaction Impact: A difference of 276.65 TND purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.2406

0.1947

JanuMarcMayJulySeptNove

ARS 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 0.2071, compared to 0.2122 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0051 points.

H1 Avg (Jan–Jun) 0.2071

H2 Avg (Jul–Dec) 0.2122

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.0524 TND (High: 0.2526 / Low: 0.2002). On the other end, August was the most stable month, with a tight range of 0.0021 TND (High: 0.2083 / Low: 0.2062).

January Spread (Volatile) ±0.0524

August Spread (Stable) ±0.0021

Growth Streaks & Declines

Trends

Between August and December, 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 January and February, when the average rate fell by 0.0344 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0344

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2014: 0.2368) against the same month in 2013 (average: 0.3144), the exchange rate shifted by -0.0777 (-24.70%).

2014 Avg (January) 0.2368

2013 Avg (January) 0.3144

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2526	0.2002	0.2368
February	0.2044	0.2001	0.2024
March	0.2008	0.1974	0.1990
April	0.2003	0.1973	0.1985
May	0.2024	0.2001	0.2015
June	0.2072	0.2011	0.2043
July	0.2124	0.2069	0.2098
August	0.2083	0.2062	0.2074
September	0.2133	0.2071	0.2105
October	0.2146	0.2114	0.2127
November	0.2164	0.2139	0.2154
December	0.2196	0.2155	0.2173