2015 TND to BRL Historical Review

YEARLY HIGH

2.1054 BRL

YEARLY LOW

1.3218 BRL

YEARLY AVERAGE

1.6963 BRL

2015 TND to BRL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the TND to BRL exchange rate experienced significant fluctuation. The market reached its absolute peak on September 23, valuing the pair at 2.1054. Conversely, the yearly low was recorded on January 25, dropping to 1.3218.

This high-to-low spread represents a total annual volatility of 0.7835 BRL. From a start-to-finish perspective, comparing the January average rate of 1.3807 to the December average rate of 1.9154, the exchange rate registered a net change of 38.72% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 2.1054 was up 38.84% compared to the 2014 peak of 1.5164, 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 10,527 BRL

2014 Average 6,933 BRL

Yearly Trough Low 6,609 BRL

Transaction Impact: A difference of 3,917.73 BRL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

2.0505

1.3199

JanuMarcMayJulySeptNove

TND to BRL 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 1.5315, compared to 1.8610 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3294 points.

H1 Avg (Jan–Jun) 1.5315

H2 Avg (Jul–Dec) 1.8610

Volatility Range Comparison

Volatility

The most volatile month in 2015 was March, with a trading range of 0.2145 BRL (High: 1.6724 / Low: 1.4578). On the other end, June was the most stable month, with a tight range of 0.0374 BRL (High: 1.6230 / Low: 1.5856).

March Spread (Volatile) ±0.2145

June Spread (Stable) ±0.0374

Growth Streaks & Declines

Trends

Between April and September, 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 October and November, when the average rate fell by 0.1092 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.1092

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2015: 1.9896) against the same month in 2014 (average: 1.3178), the exchange rate shifted by +0.6717 (+50.97%).

2015 Avg (September) 1.9896

2014 Avg (September) 1.3178

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.4399	1.3218	1.3807
February	1.4877	1.3871	1.4585
March	1.6724	1.4578	1.6038
April	1.6228	1.5041	1.5598
May	1.6176	1.5466	1.5797
June	1.6230	1.5856	1.6067
July	1.7302	1.5845	1.6363
August	1.8754	1.7349	1.7939
September	2.1054	1.8916	1.9896
October	2.0395	1.9291	1.9700
November	1.9380	1.8045	1.8608
December	1.9717	1.8547	1.9154