2014 TND to BGN Historical Review

YEARLY HIGH

0.9037 BGN

YEARLY LOW

0.8353 BGN

YEARLY AVERAGE

0.8696 BGN

2014 TND to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the TND to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 2, valuing the pair at 0.9037. Conversely, the yearly low was recorded on July 19, dropping to 0.8353.

This high-to-low spread represents a total annual volatility of 0.0684 BGN. From a start-to-finish perspective, comparing the January average rate of 0.8743 to the December average rate of 0.8557, the exchange rate registered a net change of -2.12% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.9037 was down 5.73% compared to the 2013 peak of 0.9586, 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 4,518 BGN

2013 Average 4,538 BGN

Yearly Trough Low 4,176 BGN

Transaction Impact: A difference of 341.95 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.9071

0.8391

JanuMarcMayJulySeptNove

TND to BGN 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 0.8854, 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 0.0316 points.

H1 Avg (Jan–Jun) 0.8854

H2 Avg (Jul–Dec) 0.8538

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.0383 BGN (High: 0.9022 / Low: 0.8639). On the other end, February was the most stable month, with a tight range of 0.0037 BGN (High: 0.9037 / Low: 0.9000).

January Spread (Volatile) ±0.0383

February Spread (Stable) ±0.0037

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 0.0223 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0223

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2014: 0.9014) against the same month in 2013 (average: 0.9402), the exchange rate shifted by -0.0388 (-4.12%).

2014 Avg (February) 0.9014

2013 Avg (February) 0.9402

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9022	0.8639	0.8743
February	0.9037	0.9000	0.9014
March	0.9009	0.8942	0.8977
April	0.8981	0.8811	0.8919
May	0.8812	0.8769	0.8798
June	0.8806	0.8512	0.8671
July	0.8507	0.8353	0.8447
August	0.8554	0.8501	0.8525
September	0.8603	0.8540	0.8570
October	0.8613	0.8533	0.8567
November	0.8589	0.8527	0.8558
December	0.8655	0.8494	0.8557