2014 AZN to TND Historical Review

YEARLY HIGH

2.3794 TND

YEARLY LOW

2.0004 TND

YEARLY AVERAGE

2.1658 TND

2014 AZN to TND Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the AZN to TND exchange rate experienced significant fluctuation. The market reached its absolute peak on December 23, valuing the pair at 2.3794. Conversely, the yearly low was recorded on March 12, dropping to 2.0004.

This high-to-low spread represents a total annual volatility of 0.3790 TND. From a start-to-finish perspective, comparing the January average rate of 2.0959 to the December average rate of 2.3679, the exchange rate registered a net change of 12.98% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 2.3794 was up 10.91% compared to the 2013 peak of 2.1453, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11,897 TND

2013 Average 10,359 TND

Yearly Trough Low 10,002 TND

Transaction Impact: A difference of 1,894.98 TND purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

2.4036

1.9757

JanuMarcMayJulySeptNove

AZN 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 2.0574, compared to 2.2742 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2168 points.

H1 Avg (Jan–Jun) 2.0574

H2 Avg (Jul–Dec) 2.2742

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0767 TND (High: 2.2975 / Low: 2.2207). On the other end, March was the most stable month, with a tight range of 0.0210 TND (High: 2.0214 / Low: 2.0004).

September Spread (Volatile) ±0.0767

March Spread (Stable) ±0.0210

Growth Streaks & Declines

Trends

Between March and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0677 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.0677

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 2.3679) against the same month in 2013 (average: 2.1169), the exchange rate shifted by +0.2510 (+11.86%).

2014 Avg (December) 2.3679

2013 Avg (December) 2.1169

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.1159	2.0471	2.0959
February	2.0489	2.0112	2.0283
March	2.0214	2.0004	2.0114
April	2.0445	2.0147	2.0264
May	2.0829	2.0413	2.0655
June	2.1496	2.0803	2.1171
July	2.2018	2.1455	2.1816
August	2.2225	2.1834	2.1986
September	2.2975	2.2207	2.2597
October	2.3205	2.2859	2.2992
November	2.3491	2.3213	2.3380
December	2.3794	2.3460	2.3679