2016 TND to BGN Historical Review

YEARLY HIGH

0.8857 BGN

YEARLY LOW

0.7898 BGN

YEARLY AVERAGE

0.8254 BGN

2016 TND to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the TND to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 0.8857. Conversely, the yearly low was recorded on November 7, dropping to 0.7898.

This high-to-low spread represents a total annual volatility of 0.0960 BGN. From a start-to-finish perspective, comparing the January average rate of 0.8812 to the December average rate of 0.8035, the exchange rate registered a net change of -8.82% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.8857 was down 5.97% compared to the 2015 peak of 0.9420, 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 4,429 BGN

2015 Average 4,494 BGN

Yearly Trough Low 3,949 BGN

Transaction Impact: A difference of 479.76 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.8901

0.7831

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 0.8546, compared to 0.7962 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0584 points.

H1 Avg (Jan–Jun) 0.8546

H2 Avg (Jul–Dec) 0.7962

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.0277 BGN (High: 0.8268 / Low: 0.7991). On the other end, September was the most stable month, with a tight range of 0.0035 BGN (High: 0.7938 / Low: 0.7903).

June Spread (Volatile) ±0.0277

September Spread (Stable) ±0.0035

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0375 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0375

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2016: 0.8812) against the same month in 2015 (average: 0.8810), the exchange rate shifted by +0.0002 (+0.02%).

2016 Avg (January) 0.8812

2015 Avg (January) 0.8810

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8857	0.8776	0.8812
February	0.8801	0.8644	0.8709
March	0.8772	0.8538	0.8673
April	0.8613	0.8496	0.8570
May	0.8532	0.8333	0.8442
June	0.8268	0.7991	0.8068
July	0.8025	0.7920	0.7985
August	0.7958	0.7898	0.7927
September	0.7938	0.7903	0.7920
October	0.7954	0.7905	0.7931
November	0.8042	0.7898	0.7975
December	0.8111	0.7944	0.8035