2011 GEL to TND Historical Review

YEARLY HIGH

0.9020 TND

YEARLY LOW

0.7782 TND

YEARLY AVERAGE

0.8351 TND

2011 GEL to TND Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the GEL to TND exchange rate experienced significant fluctuation. The market reached its absolute peak on December 15, valuing the pair at 0.9020. Conversely, the yearly low was recorded on January 31, dropping to 0.7782.

This high-to-low spread represents a total annual volatility of 0.1238 TND. From a start-to-finish perspective, comparing the January average rate of 0.7990 to the December average rate of 0.8931, the exchange rate registered a net change of 11.77% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.9020 was up 3.38% compared to the 2010 peak of 0.8725, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,510 TND

2010 Average 4,004 TND

Yearly Trough Low 3,891 TND

Transaction Impact: A difference of 619.10 TND purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.9025

0.7896

JanuMarcMayJulySeptNove

GEL 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 0.8144, compared to 0.8558 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0414 points.

H1 Avg (Jan–Jun) 0.8144

H2 Avg (Jul–Dec) 0.8558

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 0.0493 TND (High: 0.8275 / Low: 0.7782). On the other end, August was the most stable month, with a tight range of 0.0139 TND (High: 0.8391 / Low: 0.8252).

January Spread (Volatile) ±0.0493

August Spread (Stable) ±0.0139

Growth Streaks & Declines

Trends

Between July and December, 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 June and July, when the average rate fell by 0.0013 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0013

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 0.8931) against the same month in 2010 (average: 0.8197), the exchange rate shifted by +0.0734 (+8.96%).

2011 Avg (December) 0.8931

2010 Avg (December) 0.8197

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8275	0.7782	0.7990
February	0.8101	0.7817	0.7991
March	0.8286	0.8092	0.8148
April	0.8389	0.8145	0.8229
May	0.8373	0.7966	0.8217
June	0.8399	0.8185	0.8287
July	0.8360	0.8208	0.8274
August	0.8391	0.8252	0.8330
September	0.8648	0.8326	0.8510
October	0.8742	0.8355	0.8562
November	0.8892	0.8609	0.8739
December	0.9020	0.8813	0.8931