2018 GEL to TND Historical Review

YEARLY HIGH

1.1946 TND

YEARLY LOW

0.9457 TND

YEARLY AVERAGE

1.0603 TND

2018 GEL to TND Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the GEL to TND exchange rate experienced significant fluctuation. The market reached its absolute peak on November 12, valuing the pair at 1.1946. Conversely, the yearly low was recorded on January 13, dropping to 0.9457.

This high-to-low spread represents a total annual volatility of 0.2489 TND. From a start-to-finish perspective, comparing the January average rate of 0.9561 to the December average rate of 1.1049, the exchange rate registered a net change of 15.57% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 1.1946 was up 14.12% compared to the 2017 peak of 1.0468, 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 5,973 TND

2017 Average 4,830 TND

Yearly Trough Low 4,728 TND

Transaction Impact: A difference of 1,244.70 TND purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

1.1802

0.9357

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 0.9982, compared to 1.1224 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1241 points.

H1 Avg (Jan–Jun) 0.9982

H2 Avg (Jul–Dec) 1.1224

Volatility Range Comparison

Volatility

The most volatile month in 2018 was November, with a trading range of 0.1003 TND (High: 1.1946 / Low: 1.0943). On the other end, December was the most stable month, with a tight range of 0.0260 TND (High: 1.1235 / Low: 1.0975).

November Spread (Volatile) ±0.1003

December Spread (Stable) ±0.0260

Growth Streaks & Declines

Trends

Between January and October, 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 November and December, when the average rate fell by 0.0438 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.0438

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2018: 1.1487) against the same month in 2017 (average: 0.9687), the exchange rate shifted by +0.1800 (+18.58%).

2018 Avg (November) 1.1487

2017 Avg (November) 0.9687

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9727	0.9457	0.9561
February	0.9904	0.9600	0.9739
March	1.0000	0.9681	0.9822
April	1.0152	0.9771	0.9958
May	1.0391	0.9962	1.0271
June	1.0736	1.0392	1.0544
July	1.1008	1.0657	1.0772
August	1.1349	1.0981	1.1121
September	1.1454	1.1137	1.1314
October	1.1770	1.1490	1.1598
November	1.1946	1.0943	1.1487
December	1.1235	1.0975	1.1049