2019 TND to ARS Historical Review

YEARLY HIGH

21.5642 ARS

YEARLY LOW

12.2930 ARS

YEARLY AVERAGE

16.5253 ARS

2019 TND to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the TND to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 21.5642. Conversely, the yearly low was recorded on February 3, dropping to 12.2930.

This high-to-low spread represents a total annual volatility of 9.2713 ARS. From a start-to-finish perspective, comparing the January average rate of 12.6086 to the December average rate of 21.0738, the exchange rate registered a net change of 67.14% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 21.5642 was up 46.40% compared to the 2018 peak of 14.7293, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 107,821 ARS

2018 Average 52,585 ARS

Yearly Trough Low 61,465 ARS

Transaction Impact: A difference of 46,356.25 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

21.9203

11.7621

JanuMarcMayJulySeptNove

TND to ARS 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 13.8359, compared to 19.2146 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 5.3787 points.

H1 Avg (Jan–Jun) 13.8359

H2 Avg (Jul–Dec) 19.2146

Volatility Range Comparison

Volatility

The most volatile month in 2019 was August, with a trading range of 5.6734 ARS (High: 20.9896 / Low: 15.3163). On the other end, November was the most stable month, with a tight range of 0.2329 ARS (High: 21.0733 / Low: 20.8403).

August Spread (Volatile) ±5.6734

November Spread (Stable) ±0.2329

Growth Streaks & Declines

Trends

Between July and December, 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 June and July, when the average rate fell by 0.1216 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.1216

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2019: 21.0738) against the same month in 2018 (average: 12.8504), the exchange rate shifted by +8.2234 (+63.99%).

2019 Avg (December) 21.0738

2018 Avg (December) 12.8504

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.7619	12.3059	12.6086
February	13.1768	12.2930	12.7272
March	14.4908	13.0346	13.6239
April	15.1888	13.8126	14.2735
May	15.0998	14.6909	14.9251
June	15.2179	14.5677	14.8572
July	15.2306	14.3852	14.7356
August	20.9896	15.3163	18.1821
September	20.6659	19.2704	19.7550
October	21.1254	20.0243	20.5783
November	21.0733	20.8403	20.9630
December	21.5642	20.9264	21.0738