2014 PEN to TND Historical Review

YEARLY HIGH

0.6319 TND

YEARLY LOW

0.5593 TND

YEARLY AVERAGE

0.5979 TND

2014 PEN to TND Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the PEN to TND exchange rate experienced significant fluctuation. The market reached its absolute peak on November 24, valuing the pair at 0.6319. Conversely, the yearly low was recorded on March 18, dropping to 0.5593.

This high-to-low spread represents a total annual volatility of 0.0726 TND. From a start-to-finish perspective, comparing the January average rate of 0.5850 to the December average rate of 0.6267, the exchange rate registered a net change of 7.13% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.6319 was down 0.90% compared to the 2013 peak of 0.6376, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,159 TND

2013 Average 3,008 TND

Yearly Trough Low 2,797 TND

Transaction Impact: A difference of 362.85 TND purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.6333

0.5555

JanuMarcMayJulySeptNove

PEN 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 0.5760, compared to 0.6198 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0438 points.

H1 Avg (Jan–Jun) 0.5760

H2 Avg (Jul–Dec) 0.6198

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.0242 TND (High: 0.5926 / Low: 0.5684). On the other end, March was the most stable month, with a tight range of 0.0056 TND (High: 0.5649 / Low: 0.5593).

January Spread (Volatile) ±0.0242

March Spread (Stable) ±0.0056

Growth Streaks & Declines

Trends

Between March and July, 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 January and February, when the average rate fell by 0.0198 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0198

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2014: 0.6268) against the same month in 2013 (average: 0.5960), the exchange rate shifted by +0.0308 (+5.17%).

2014 Avg (November) 0.6268

2013 Avg (November) 0.5960

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5926	0.5684	0.5850
February	0.5691	0.5623	0.5652
March	0.5649	0.5593	0.5620
April	0.5726	0.5629	0.5691
May	0.5899	0.5707	0.5805
June	0.6017	0.5865	0.5943
July	0.6194	0.6015	0.6140
August	0.6161	0.6100	0.6125
September	0.6229	0.6109	0.6182
October	0.6247	0.6173	0.6204
November	0.6319	0.6221	0.6268
December	0.6307	0.6204	0.6267