2014 HNL to TND Historical Review

YEARLY HIGH

0.0888 TND

YEARLY LOW

0.0787 TND

YEARLY AVERAGE

0.0832 TND

2014 HNL to TND Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the HNL to TND exchange rate experienced significant fluctuation. The market reached its absolute peak on December 22, valuing the pair at 0.0888. Conversely, the yearly low was recorded on June 9, dropping to 0.0787.

This high-to-low spread represents a total annual volatility of 0.0101 TND. From a start-to-finish perspective, comparing the January average rate of 0.0819 to the December average rate of 0.0880, the exchange rate registered a net change of 7.43% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.0888 was up 1.66% compared to the 2013 peak of 0.0874, 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 444 TND

2013 Average 405 TND

Yearly Trough Low 393 TND

Transaction Impact: A difference of 50.67 TND purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.0889

0.0789

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 0.0818, compared to 0.0845 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0026 points.

H1 Avg (Jan–Jun) 0.0818

H2 Avg (Jul–Dec) 0.0845

Volatility Range Comparison

Volatility

The most volatile month in 2014 was May, with a trading range of 0.0067 TND (High: 0.0855 / Low: 0.0788). On the other end, February was the most stable month, with a tight range of 0.0007 TND (High: 0.0809 / Low: 0.0802).

May Spread (Volatile) ±0.0067

February Spread (Stable) ±0.0007

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 May and June, when the average rate fell by 0.0047 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0047

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.0880) against the same month in 2013 (average: 0.0813), the exchange rate shifted by +0.0067 (+8.27%).

2014 Avg (December) 0.0880

2013 Avg (December) 0.0813

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0829	0.0806	0.0819
February	0.0809	0.0802	0.0806
March	0.0825	0.0806	0.0816
April	0.0839	0.0823	0.0830
May	0.0855	0.0788	0.0844
June	0.0806	0.0787	0.0797
July	0.0824	0.0803	0.0816
August	0.0826	0.0816	0.0821
September	0.0853	0.0827	0.0839
October	0.0859	0.0843	0.0849
November	0.0869	0.0855	0.0863
December	0.0888	0.0868	0.0880