2014 TND to BAM Historical Review

YEARLY HIGH

0.9040 BAM

YEARLY LOW

0.8350 BAM

YEARLY AVERAGE

0.8695 BAM

2014 TND to BAM Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the TND to BAM exchange rate experienced significant fluctuation. The market reached its absolute peak on February 2, valuing the pair at 0.9040. Conversely, the yearly low was recorded on July 19, dropping to 0.8350.

This high-to-low spread represents a total annual volatility of 0.0690 BAM. From a start-to-finish perspective, comparing the January average rate of 0.8740 to the December average rate of 0.8561, the exchange rate registered a net change of -2.05% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.9040 was down 5.72% compared to the 2013 peak of 0.9589, 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 4,520 BAM

2013 Average 4,538 BAM

Yearly Trough Low 4,175 BAM

Transaction Impact: A difference of 345.23 BAM purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.9067

0.8389

JanuMarcMayJulySeptNove

TND to BAM 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 0.8852, compared to 0.8538 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0314 points.

H1 Avg (Jan–Jun) 0.8852

H2 Avg (Jul–Dec) 0.8538

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.0375 BAM (High: 0.9019 / Low: 0.8645). On the other end, May was the most stable month, with a tight range of 0.0031 BAM (High: 0.8809 / Low: 0.8777).

January Spread (Volatile) ±0.0375

May Spread (Stable) ±0.0031

Growth Streaks & Declines

Trends

Between July and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0222 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0222

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2014: 0.9010) against the same month in 2013 (average: 0.9402), the exchange rate shifted by -0.0392 (-4.17%).

2014 Avg (February) 0.9010

2013 Avg (February) 0.9402

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9019	0.8645	0.8740
February	0.9040	0.8995	0.9010
March	0.9018	0.8938	0.8975
April	0.8984	0.8808	0.8919
May	0.8809	0.8777	0.8797
June	0.8801	0.8513	0.8668
July	0.8506	0.8350	0.8446
August	0.8551	0.8499	0.8524
September	0.8598	0.8538	0.8569
October	0.8614	0.8533	0.8567
November	0.8600	0.8527	0.8558
December	0.8670	0.8491	0.8561