2014 GEL to TND Historical Review

YEARLY HIGH

1.0583 TND

YEARLY LOW

0.8972 TND

YEARLY AVERAGE

0.9646 TND

2014 GEL to TND Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the GEL to TND exchange rate experienced significant fluctuation. The market reached its absolute peak on December 23, valuing the pair at 1.0583. Conversely, the yearly low was recorded on March 10, dropping to 0.8972.

This high-to-low spread represents a total annual volatility of 0.1611 TND. From a start-to-finish perspective, comparing the January average rate of 0.9324 to the December average rate of 1.0419, the exchange rate registered a net change of 11.75% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.0583 was up 4.14% compared to the 2013 peak of 1.0162, 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 5,292 TND

2013 Average 4,882 TND

Yearly Trough Low 4,486 TND

Transaction Impact: A difference of 805.29 TND purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.0560

0.8872

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 0.9171, compared to 1.0121 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0950 points.

H1 Avg (Jan–Jun) 0.9171

H2 Avg (Jul–Dec) 1.0121

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.0474 TND (High: 1.0583 / Low: 1.0109). On the other end, March was the most stable month, with a tight range of 0.0072 TND (High: 0.9044 / Low: 0.8972).

December Spread (Volatile) ±0.0474

March Spread (Stable) ±0.0072

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 0.0251 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.0251

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 1.0419) against the same month in 2013 (average: 0.9582), the exchange rate shifted by +0.0838 (+8.74%).

2014 Avg (December) 1.0419

2013 Avg (December) 0.9582

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9465	0.9044	0.9324
February	0.9167	0.9000	0.9073
March	0.9044	0.8972	0.9013
April	0.9068	0.8993	0.9035
May	0.9243	0.9076	0.9186
June	0.9539	0.9223	0.9394
July	0.9856	0.9536	0.9718
August	0.9979	0.9802	0.9888
September	1.0253	0.9955	1.0109
October	1.0354	1.0193	1.0254
November	1.0440	1.0180	1.0338
December	1.0583	1.0109	1.0419