2011 FKP to TND Historical Review

YEARLY HIGH

2.3394 TND

YEARLY LOW

2.1919 TND

YEARLY AVERAGE

2.2557 TND

2011 FKP to TND Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the FKP to TND exchange rate experienced significant fluctuation. The market reached its absolute peak on December 21, valuing the pair at 2.3394. Conversely, the yearly low was recorded on June 30, dropping to 2.1919.

This high-to-low spread represents a total annual volatility of 0.1475 TND. From a start-to-finish perspective, comparing the January average rate of 2.2630 to the December average rate of 2.3134, the exchange rate registered a net change of 2.22% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 2.3394 was up 1.26% compared to the 2010 peak of 2.3104, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11,697 TND

2010 Average 11,059 TND

Yearly Trough Low 10,960 TND

Transaction Impact: A difference of 737.71 TND purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

2.3224

2.2138

JanuMarcMayJulySeptNove

FKP 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 2.2531, compared to 2.2584 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0053 points.

H1 Avg (Jan–Jun) 2.2531

H2 Avg (Jul–Dec) 2.2584

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 0.0869 TND (High: 2.2918 / Low: 2.2049). On the other end, April was the most stable month, with a tight range of 0.0343 TND (High: 2.2564 / Low: 2.2221).

January Spread (Volatile) ±0.0869

April Spread (Stable) ±0.0343

Growth Streaks & Declines

Trends

Between September and December, 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 February and March, when the average rate fell by 0.0342 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0342

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 2.3134) against the same month in 2010 (average: 2.2540), the exchange rate shifted by +0.0594 (+2.64%).

2011 Avg (December) 2.3134

2010 Avg (December) 2.2540

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2918	2.2049	2.2630
February	2.3078	2.2671	2.2862
March	2.2922	2.2201	2.2520
April	2.2564	2.2221	2.2425
May	2.2958	2.2132	2.2521
June	2.2504	2.1919	2.2229
July	2.2504	2.1956	2.2254
August	2.2654	2.2234	2.2481
September	2.2602	2.2055	2.2345
October	2.2680	2.2199	2.2400
November	2.3046	2.2656	2.2888
December	2.3394	2.2888	2.3134