2014 BGN to TND Historical Review

YEARLY HIGH

1.1972 TND

YEARLY LOW

1.1066 TND

YEARLY AVERAGE

1.1505 TND

2014 BGN to TND Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the BGN to TND exchange rate experienced significant fluctuation. The market reached its absolute peak on July 19, valuing the pair at 1.1972. Conversely, the yearly low was recorded on February 2, dropping to 1.1066.

This high-to-low spread represents a total annual volatility of 0.0906 TND. From a start-to-finish perspective, comparing the January average rate of 1.1439 to the December average rate of 1.1686, the exchange rate registered a net change of 2.16% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.1972 was up 1.91% compared to the 2013 peak of 1.1748, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,986 TND

2013 Average 5,516 TND

Yearly Trough Low 5,533 TND

Transaction Impact: A difference of 453.01 TND purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.1913

1.1019

JanuMarcMayJulySeptNove

BGN 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 1.1298, compared to 1.1713 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0416 points.

H1 Avg (Jan–Jun) 1.1298

H2 Avg (Jul–Dec) 1.1713

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.0492 TND (High: 1.1576 / Low: 1.1084). On the other end, February was the most stable month, with a tight range of 0.0045 TND (High: 1.1111 / Low: 1.1066).

January Spread (Volatile) ±0.0492

February Spread (Stable) ±0.0045

Growth Streaks & Declines

Trends

Between February and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0345 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0345

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2014: 1.1839) against the same month in 2013 (average: 1.1106), the exchange rate shifted by +0.0732 (+6.59%).

2014 Avg (July) 1.1839

2013 Avg (July) 1.1106

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.1576	1.1084	1.1439
February	1.1111	1.1066	1.1094
March	1.1183	1.1100	1.1140
April	1.1350	1.1135	1.1213
May	1.1404	1.1348	1.1366
June	1.1748	1.1356	1.1535
July	1.1972	1.1755	1.1839
August	1.1763	1.1691	1.1730
September	1.1710	1.1624	1.1668
October	1.1719	1.1610	1.1672
November	1.1727	1.1642	1.1685
December	1.1773	1.1554	1.1686