2011 TND to BIF Historical Review

YEARLY HIGH

914.7779 BIF

YEARLY LOW

771.4426 BIF

YEARLY AVERAGE

860.0203 BIF

2011 TND to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the TND to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on May 4, valuing the pair at 914.7779. Conversely, the yearly low was recorded on January 11, dropping to 771.4426.

This high-to-low spread represents a total annual volatility of 143.3353 BIF. From a start-to-finish perspective, comparing the January average rate of 790.9343 to the December average rate of 869.1017, the exchange rate registered a net change of 9.88% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 914.7779 was up 3.76% compared to the 2010 peak of 881.6117, 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 4,573,890 BIF

2010 Average 3,973,593 BIF

Yearly Trough Low 3,857,213 BIF

Transaction Impact: A difference of 716,676.45 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

904.6168

780.5995

JanuMarcMayJulySeptNove

TND to BIF 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 846.6910, compared to 873.3496 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 26.6585 points.

H1 Avg (Jan–Jun) 846.6910

H2 Avg (Jul–Dec) 873.3496

Volatility Range Comparison

Volatility

The most volatile month in 2011 was April, with a trading range of 96.7794 BIF (High: 911.5248 / Low: 814.7453). On the other end, February was the most stable month, with a tight range of 12.9525 BIF (High: 808.5899 / Low: 795.6373).

April Spread (Volatile) ±96.7794

February Spread (Stable) ±12.9525

Growth Streaks & Declines

Trends

Between January and June, 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 August and September, when the average rate fell by 24.7845 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -24.7845

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2011: 889.5617) against the same month in 2010 (average: 762.1252), the exchange rate shifted by +127.4365 (+16.72%).

2011 Avg (May) 889.5617

2010 Avg (May) 762.1252

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	805.7929	771.4426	790.9343
February	808.5899	795.6373	802.2885
March	823.9662	808.7015	815.2430
April	911.5248	814.7453	887.8367
May	914.7779	868.9185	889.5617
June	906.0191	884.3287	894.2820
July	900.4524	875.3463	890.2954
August	906.0578	888.0647	893.4697
September	892.0898	855.5361	868.6852
October	887.9212	844.7309	865.8073
November	875.5108	835.8337	852.7381
December	890.5023	840.7109	869.1017