2016 TND to CDF Historical Review

YEARLY HIGH

516.6013 CDF

YEARLY LOW

400.3185 CDF

YEARLY AVERAGE

451.1260 CDF

2016 TND to CDF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the TND to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 24, valuing the pair at 516.6013. Conversely, the yearly low was recorded on November 17, dropping to 400.3185.

This high-to-low spread represents a total annual volatility of 116.2828 CDF. From a start-to-finish perspective, comparing the January average rate of 453.7005 to the December average rate of 504.2334, the exchange rate registered a net change of 11.14% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 516.6013 was up 4.23% compared to the 2015 peak of 495.6280, 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 2,583,006 CDF

2015 Average 2,361,878 CDF

Yearly Trough Low 2,001,593 CDF

Transaction Impact: A difference of 581,413.77 CDF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

511.6454

422.7014

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 453.2765, compared to 448.9756 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 4.3009 points.

H1 Avg (Jan–Jun) 453.2765

H2 Avg (Jul–Dec) 448.9756

Volatility Range Comparison

Volatility

The most volatile month in 2016 was November, with a trading range of 98.2515 CDF (High: 498.5700 / Low: 400.3185). On the other end, January was the most stable month, with a tight range of 4.3598 CDF (High: 456.0914 / Low: 451.7316).

November Spread (Volatile) ±98.2515

January Spread (Stable) ±4.3598

Growth Streaks & Declines

Trends

Between October and December, 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 May and June, when the average rate fell by 16.8105 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -16.8105

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2016: 504.2334) against the same month in 2015 (average: 457.4247), the exchange rate shifted by +46.8087 (+10.23%).

2016 Avg (December) 504.2334

2015 Avg (December) 457.4247

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	456.0914	451.7316	453.7005
February	463.9904	452.2459	459.0054
March	463.3074	450.0352	457.7411
April	464.3610	457.7545	461.0526
May	465.7739	440.2185	452.4850
June	446.2400	421.6713	435.6744
July	441.5527	425.2523	430.1134
August	449.3572	438.6321	443.5929
September	445.4112	439.8565	443.0562
October	445.5274	426.0365	434.6160
November	498.5700	400.3185	438.2415
December	516.6013	492.1946	504.2334