2014 TND to CVE Historical Review

YEARLY HIGH

50.7337 CVE

YEARLY LOW

46.8696 CVE

YEARLY AVERAGE

48.7848 CVE

2014 TND to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the TND to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on February 2, valuing the pair at 50.7337. Conversely, the yearly low was recorded on July 19, dropping to 46.8696.

This high-to-low spread represents a total annual volatility of 3.8641 CVE. From a start-to-finish perspective, comparing the January average rate of 49.1219 to the December average rate of 48.0703, the exchange rate registered a net change of -2.14% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 50.7337 was down 6.32% compared to the 2013 peak of 54.1591, 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 253,669 CVE

2013 Average 255,300 CVE

Yearly Trough Low 234,348 CVE

Transaction Impact: A difference of 19,320.59 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

50.8472

47.0390

JanuMarcMayJulySeptNove

TND to CVE 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 49.6668, compared to 47.9028 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.7640 points.

H1 Avg (Jan–Jun) 49.6668

H2 Avg (Jul–Dec) 47.9028

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 2.0614 CVE (High: 50.5762 / Low: 48.5148). On the other end, May was the most stable month, with a tight range of 0.2384 CVE (High: 49.4393 / Low: 49.2009).

January Spread (Volatile) ±2.0614

May Spread (Stable) ±0.2384

Growth Streaks & Declines

Trends

Between July and September, 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 1.2917 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.2917

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2014: 50.5299) against the same month in 2013 (average: 52.9800), the exchange rate shifted by -2.4502 (-4.62%).

2014 Avg (February) 50.5299

2013 Avg (February) 52.9800

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	50.5762	48.5148	49.1219
February	50.7337	50.3324	50.5299
March	50.7132	49.8771	50.3168
April	50.5199	49.4570	50.0465
May	49.4393	49.2009	49.3378
June	49.3974	47.7458	48.6480
July	47.7252	46.8696	47.3563
August	47.9567	47.6271	47.7831
September	48.3760	47.9010	48.1225
October	48.3889	47.7862	48.0721
November	48.1976	47.8340	48.0127
December	48.6822	47.6286	48.0703