YEARLY HIGH
1.2786 TND
YEARLY LOW
1.1726 TND
YEARLY AVERAGE
1.2260 TND

2021 TOP to TND Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the TOP to TND exchange rate experienced significant fluctuation. The market reached its absolute peak on November 23, valuing the pair at 1.2786. Conversely, the yearly low was recorded on February 1, dropping to 1.1726.

This high-to-low spread represents a total annual volatility of 0.1061 TND. From a start-to-finish perspective, comparing the January average rate of 1.1828 to the December average rate of 1.2592, the exchange rate registered a net change of 6.46% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 1.2786 was up 1.04% compared to the 2020 peak of 1.2654, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 6,393 TND
2020 Average 6,094 TND
Yearly Trough Low 5,863 TND
Transaction Impact: A difference of 530.30 TND purely based on transaction execution date.

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1.2728
1.1737
JanuMarcMayJulySeptNove

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)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 1.2048, compared to 1.2472 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0424 points.

H1 Avg (Jan–Jun) 1.2048
H2 Avg (Jul–Dec) 1.2472

Volatility Range Comparison

Volatility

The most volatile month in 2021 was March, with a trading range of 0.0341 TND (High: 1.2199 / Low: 1.1857). On the other end, July was the most stable month, with a tight range of 0.0112 TND (High: 1.2390 / Low: 1.2278).

March Spread (Volatile) Âą0.0341
July Spread (Stable) Âą0.0112

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 November and December, when the average rate fell by 0.0053 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0053

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2021: 1.2645) against the same month in 2020 (average: 1.1938), the exchange rate shifted by +0.0707 (+5.92%).

2021 Avg (November) 1.2645
2020 Avg (November) 1.1938

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Month High Low Average
January 1.1910 1.1761 1.1828
February 1.1953 1.1726 1.1819
March 1.2199 1.1857 1.2076
April 1.2240 1.2004 1.2138
May 1.2214 1.2074 1.2128
June 1.2369 1.2218 1.2302
July 1.2390 1.2278 1.2337
August 1.2371 1.2248 1.2316
September 1.2450 1.2333 1.2406
October 1.2630 1.2432 1.2537
November 1.2786 1.2540 1.2645
December 1.2643 1.2462 1.2592