2013 HNL to TND Historical Review

YEARLY HIGH

0.0874 TND

YEARLY LOW

0.0771 TND

YEARLY AVERAGE

0.0809 TND

2013 HNL to TND Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2013

During 2013, the HNL to TND exchange rate experienced significant fluctuation. The market reached its absolute peak on May 22, valuing the pair at 0.0874. Conversely, the yearly low was recorded on February 3, dropping to 0.0771.

This high-to-low spread represents a total annual volatility of 0.0103 TND. From a start-to-finish perspective, comparing the January average rate of 0.0782 to the December average rate of 0.0813, the exchange rate registered a net change of 4.03% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2013 high of 0.0874 was up 1.89% compared to the 2012 peak of 0.0857, 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 437 TND

2012 Average 404 TND

Yearly Trough Low 386 TND

Transaction Impact: A difference of 51.29 TND purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2013.

0.0858

0.0775

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 0.0807, compared to 0.0811 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0004 points.

H1 Avg (Jan–Jun) 0.0807

H2 Avg (Jul–Dec) 0.0811

Volatility Range Comparison

Volatility

The most volatile month in 2013 was May, with a trading range of 0.0063 TND (High: 0.0874 / Low: 0.0811). On the other end, August was the most stable month, with a tight range of 0.0010 TND (High: 0.0812 / Low: 0.0802).

May Spread (Volatile) ±0.0063

August Spread (Stable) ±0.0010

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0045 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0045

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2013: 0.0851) against the same month in 2012 (average: 0.0826), the exchange rate shifted by +0.0024 (+2.94%).

2013 Avg (May) 0.0851

2012 Avg (May) 0.0826

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0789	0.0773	0.0782
February	0.0794	0.0771	0.0782
March	0.0814	0.0792	0.0801
April	0.0836	0.0813	0.0823
May	0.0874	0.0811	0.0851
June	0.0815	0.0797	0.0806
July	0.0829	0.0809	0.0819
August	0.0812	0.0802	0.0808
September	0.0815	0.0804	0.0809
October	0.0807	0.0797	0.0803
November	0.0822	0.0808	0.0815
December	0.0819	0.0807	0.0813