2011 HNL to TND Historical Review

YEARLY HIGH

0.0791 TND

YEARLY LOW

0.0708 TND

YEARLY AVERAGE

0.0744 TND

2011 HNL to TND Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the HNL to TND exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 0.0791. Conversely, the yearly low was recorded on May 2, dropping to 0.0708.

This high-to-low spread represents a total annual volatility of 0.0084 TND. From a start-to-finish perspective, comparing the January average rate of 0.0759 to the December average rate of 0.0782, the exchange rate registered a net change of 3.10% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.0791 was down 3.65% compared to the 2010 peak of 0.0821, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 396 TND

2010 Average 378 TND

Yearly Trough Low 354 TND

Transaction Impact: A difference of 41.81 TND purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.0788

0.0718

JanuMarcMayJulySeptNove

HNL 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 0.0737, compared to 0.0751 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0014 points.

H1 Avg (Jan–Jun) 0.0737

H2 Avg (Jul–Dec) 0.0751

Volatility Range Comparison

Volatility

The most volatile month in 2011 was October, with a trading range of 0.0040 TND (High: 0.0771 / Low: 0.0731). On the other end, February was the most stable month, with a tight range of 0.0012 TND (High: 0.0756 / Low: 0.0744).

October Spread (Volatile) ±0.0040

February Spread (Stable) ±0.0012

Growth Streaks & Declines

Trends

Between June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0013 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0013

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 0.0782) against the same month in 2010 (average: 0.0764), the exchange rate shifted by +0.0018 (+2.40%).

2011 Avg (December) 0.0782

2010 Avg (December) 0.0764

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0777	0.0744	0.0759
February	0.0756	0.0744	0.0749
March	0.0745	0.0730	0.0737
April	0.0736	0.0712	0.0724
May	0.0742	0.0708	0.0728
June	0.0733	0.0716	0.0725
July	0.0741	0.0722	0.0729
August	0.0739	0.0720	0.0730
September	0.0760	0.0731	0.0749
October	0.0771	0.0731	0.0750
November	0.0781	0.0753	0.0765
December	0.0791	0.0774	0.0782