2011 TND to CDF Historical Review

YEARLY HIGH

682.8639 CDF

YEARLY LOW

602.7970 CDF

YEARLY AVERAGE

648.3129 CDF

2011 TND to CDF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the TND to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on May 4, valuing the pair at 682.8639. Conversely, the yearly low was recorded on December 29, dropping to 602.7970.

This high-to-low spread represents a total annual volatility of 80.0668 CDF. From a start-to-finish perspective, comparing the January average rate of 631.8457 to the December average rate of 610.2178, the exchange rate registered a net change of -3.42% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 682.8639 was down 0.51% compared to the 2010 peak of 686.3650, 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 3,414,319 CDF

2010 Average 3,131,228 CDF

Yearly Trough Low 3,013,985 CDF

Transaction Impact: A difference of 400,334.09 CDF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

671.0212

604.6902

JanuMarcMayJulySeptNove

TND to CDF 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 653.8623, compared to 642.7635 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 11.0988 points.

H1 Avg (Jan–Jun) 653.8623

H2 Avg (Jul–Dec) 642.7635

Volatility Range Comparison

Volatility

The most volatile month in 2011 was May, with a trading range of 33.5327 CDF (High: 682.8639 / Low: 649.3312). On the other end, March was the most stable month, with a tight range of 10.6138 CDF (High: 659.9129 / Low: 649.2991).

May Spread (Volatile) ±33.5327

March Spread (Stable) ±10.6138

Growth Streaks & Declines

Trends

Between January and April, 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 November and December, when the average rate fell by 18.3360 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -18.3360

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2011: 663.0871) against the same month in 2010 (average: 602.4789), the exchange rate shifted by +60.6082 (+10.06%).

2011 Avg (May) 663.0871

2010 Avg (May) 602.4789

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	648.2157	616.3673	631.8457
February	650.8889	638.7333	645.6899
March	659.9129	649.2991	654.9170
April	677.4904	651.9103	665.4936
May	682.8639	649.3312	663.0871
June	671.4406	653.7875	662.1407
July	673.1812	647.6292	661.8817
August	674.6160	652.8422	663.2037
September	666.1459	636.3647	647.7238
October	660.4426	628.6315	645.0004
November	640.2901	613.0703	628.5538
December	618.8933	602.7970	610.2178