2019 TND to BIF Historical Review

YEARLY HIGH

678.0673 BIF

YEARLY LOW

586.4558 BIF

YEARLY AVERAGE

630.1582 BIF

2019 TND to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the TND to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 678.0673. Conversely, the yearly low was recorded on February 21, dropping to 586.4558.

This high-to-low spread represents a total annual volatility of 91.6115 BIF. From a start-to-finish perspective, comparing the January average rate of 609.1173 to the December average rate of 661.5642, the exchange rate registered a net change of 8.61% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 678.0673 was down 9.26% compared to the 2018 peak of 747.2549, 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 3,390,336 BIF

2018 Average 3,387,449 BIF

Yearly Trough Low 2,932,279 BIF

Transaction Impact: A difference of 458,057.51 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

667.6505

594.6142

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 609.6092, compared to 650.7072 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 41.0980 points.

H1 Avg (Jan–Jun) 609.6092

H2 Avg (Jul–Dec) 650.7072

Volatility Range Comparison

Volatility

The most volatile month in 2019 was June, with a trading range of 36.5888 BIF (High: 648.6208 / Low: 612.0319). On the other end, April was the most stable month, with a tight range of 6.4463 BIF (High: 610.0611 / Low: 603.6149).

June Spread (Volatile) ±36.5888

April Spread (Stable) ±6.4463

Growth Streaks & Declines

Trends

Between March and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 6.9232 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -6.9232

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2019: 661.5642) against the same month in 2018 (average: 614.4670), the exchange rate shifted by +47.0971 (+7.66%).

2019 Avg (December) 661.5642

2018 Avg (December) 614.4670

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	615.1792	591.6711	609.1173
February	614.7010	586.4558	602.1941
March	606.7999	591.9271	600.7006
April	610.0611	603.6149	607.0310
May	616.9921	605.8389	611.5132
June	648.6208	612.0319	627.0991
July	646.2856	635.8672	640.3850
August	648.4615	634.1135	643.6394
September	650.2335	639.4188	646.7266
October	662.7701	642.5178	654.1182
November	661.9612	655.4563	657.8100
December	678.0673	656.3321	661.5642