2020 GEL to TND Historical Review

YEARLY HIGH

1.0288 TND

YEARLY LOW

0.8041 TND

YEARLY AVERAGE

0.9041 TND

2020 GEL to TND Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the GEL to TND exchange rate experienced significant fluctuation. The market reached its absolute peak on February 25, valuing the pair at 1.0288. Conversely, the yearly low was recorded on November 5, dropping to 0.8041.

This high-to-low spread represents a total annual volatility of 0.2247 TND. From a start-to-finish perspective, comparing the January average rate of 0.9774 to the December average rate of 0.8200, the exchange rate registered a net change of -16.10% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 1.0288 was down 11.37% compared to the 2019 peak of 1.1608, 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 5,144 TND

2019 Average 5,207 TND

Yearly Trough Low 4,020 TND

Transaction Impact: A difference of 1,123.42 TND purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

1.0181

0.8020

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 0.9464, compared to 0.8618 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0847 points.

H1 Avg (Jan–Jun) 0.9464

H2 Avg (Jul–Dec) 0.8618

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.1848 TND (High: 1.0237 / Low: 0.8389). On the other end, December was the most stable month, with a tight range of 0.0115 TND (High: 0.8250 / Low: 0.8135).

March Spread (Volatile) ±0.1848

December Spread (Stable) ±0.0115

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2020. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0468 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0468

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2020: 1.0001) against the same month in 2019 (average: 1.1357), the exchange rate shifted by -0.1356 (-11.94%).

2020 Avg (February) 1.0001

2019 Avg (February) 1.1357

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9835	0.9703	0.9774
February	1.0288	0.9758	1.0001
March	1.0237	0.8389	0.9532
April	0.9232	0.8715	0.9107
May	0.9101	0.8961	0.9044
June	0.9602	0.8914	0.9329
July	0.9347	0.8880	0.9166
August	0.9071	0.8780	0.8852
September	0.8910	0.8251	0.8664
October	0.8615	0.8432	0.8546
November	0.8565	0.8041	0.8280
December	0.8250	0.8135	0.8200