2014 TND to BIF Historical Review

YEARLY HIGH

991.9964 BIF

YEARLY LOW

833.2226 BIF

YEARLY AVERAGE

916.8888 BIF

2014 TND to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the TND to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on March 10, valuing the pair at 991.9964. Conversely, the yearly low was recorded on December 28, dropping to 833.2226.

This high-to-low spread represents a total annual volatility of 158.7738 BIF. From a start-to-finish perspective, comparing the January average rate of 942.4696 to the December average rate of 842.8957, the exchange rate registered a net change of -10.57% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 991.9964 was down 3.10% compared to the 2013 peak of 1023.7409, 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 4,959,982 BIF

2013 Average 4,770,160 BIF

Yearly Trough Low 4,166,113 BIF

Transaction Impact: A difference of 793,869.19 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

998.4146

828.7576

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 960.6107, compared to 873.1668 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 87.4439 points.

H1 Avg (Jan–Jun) 960.6107

H2 Avg (Jul–Dec) 873.1668

Volatility Range Comparison

Volatility

The most volatile month in 2014 was June, with a trading range of 37.3804 BIF (High: 952.8170 / Low: 915.4366). On the other end, March was the most stable month, with a tight range of 14.0038 BIF (High: 991.9964 / Low: 977.9926).

June Spread (Volatile) ±37.3804

March Spread (Stable) ±14.0038

Growth Streaks & Declines

Trends

Between January and March, 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 26.1213 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -26.1213

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2014: 984.2765) against the same month in 2013 (average: 983.4769), the exchange rate shifted by +0.7996 (+0.08%).

2014 Avg (March) 984.2765

2013 Avg (March) 983.4769

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	965.1552	932.0400	942.4696
February	986.6701	966.4156	975.2114
March	991.9964	977.9926	984.2765
April	982.0427	963.4505	974.8180
May	969.8516	945.3757	955.2575
June	952.8170	915.4366	931.6313
July	919.8666	891.6290	905.5100
August	905.7969	884.8308	899.0149
September	889.9386	860.3754	874.4202
October	872.8731	845.8194	865.0496
November	860.8241	846.6811	852.1105
December	850.8751	833.2226	842.8957