2011 SAR to TND Historical Review

YEARLY HIGH

0.4003 TND

YEARLY LOW

0.3569 TND

YEARLY AVERAGE

0.3752 TND

2011 SAR to TND Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the SAR to TND exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 0.4003. Conversely, the yearly low was recorded on May 2, dropping to 0.3569.

This high-to-low spread represents a total annual volatility of 0.0434 TND. From a start-to-finish perspective, comparing the January average rate of 0.3827 to the December average rate of 0.3953, the exchange rate registered a net change of 3.29% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.4003 was down 3.41% compared to the 2010 peak of 0.4144, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,001 TND

2010 Average 1,910 TND

Yearly Trough Low 1,784 TND

Transaction Impact: A difference of 217.06 TND purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.3983

0.3622

JanuMarcMayJulySeptNove

SAR 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 0.3718, compared to 0.3786 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0068 points.

H1 Avg (Jan–Jun) 0.3718

H2 Avg (Jul–Dec) 0.3786

Volatility Range Comparison

Volatility

The most volatile month in 2011 was October, with a trading range of 0.0192 TND (High: 0.3890 / Low: 0.3698). On the other end, February was the most stable month, with a tight range of 0.0064 TND (High: 0.3813 / Low: 0.3749).

October Spread (Volatile) ±0.0192

February Spread (Stable) ±0.0064

Growth Streaks & Declines

Trends

Between August and December, 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 March and April, when the average rate fell by 0.0066 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0066

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 0.3953) against the same month in 2010 (average: 0.3853), the exchange rate shifted by +0.0100 (+2.60%).

2011 Avg (December) 0.3953

2010 Avg (December) 0.3853

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3922	0.3753	0.3827
February	0.3813	0.3749	0.3780
March	0.3758	0.3683	0.3718
April	0.3713	0.3591	0.3652
May	0.3744	0.3569	0.3673
June	0.3695	0.3612	0.3656
July	0.3737	0.3639	0.3674
August	0.3702	0.3621	0.3664
September	0.3829	0.3677	0.3771
October	0.3890	0.3698	0.3788
November	0.3938	0.3809	0.3863
December	0.4003	0.3902	0.3953