2016 PEN to TND Historical Review

YEARLY HIGH

0.6916 TND

YEARLY LOW

0.5701 TND

YEARLY AVERAGE

0.6361 TND

2016 PEN to TND Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the PEN to TND exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 0.6916. Conversely, the yearly low was recorded on February 14, dropping to 0.5701.

This high-to-low spread represents a total annual volatility of 0.1215 TND. From a start-to-finish perspective, comparing the January average rate of 0.5946 to the December average rate of 0.6801, the exchange rate registered a net change of 14.38% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.6916 was up 6.32% compared to the 2015 peak of 0.6505, 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 3,458 TND

2015 Average 3,083 TND

Yearly Trough Low 2,850 TND

Transaction Impact: A difference of 607.65 TND purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.6905

0.5667

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 0.6070, compared to 0.6652 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0582 points.

H1 Avg (Jan–Jun) 0.6070

H2 Avg (Jul–Dec) 0.6652

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.0381 TND (High: 0.6671 / Low: 0.6290). On the other end, September was the most stable month, with a tight range of 0.0102 TND (High: 0.6581 / Low: 0.6478).

June Spread (Volatile) ±0.0381

September Spread (Stable) ±0.0102

Growth Streaks & Declines

Trends

Between February and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0176 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0176

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2016: 0.6801) against the same month in 2015 (average: 0.5998), the exchange rate shifted by +0.0803 (+13.39%).

2016 Avg (December) 0.6801

2015 Avg (December) 0.5998

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6013	0.5879	0.5946
February	0.5872	0.5701	0.5770
March	0.6062	0.5821	0.5949
April	0.6204	0.5934	0.6096
May	0.6272	0.6014	0.6158
June	0.6671	0.6290	0.6501
July	0.6752	0.6600	0.6697
August	0.6683	0.6527	0.6608
September	0.6581	0.6478	0.6521
October	0.6730	0.6490	0.6604
November	0.6800	0.6579	0.6683
December	0.6916	0.6704	0.6801