2021 TND to CVE Historical Review

YEARLY HIGH

34.6129 CVE

YEARLY LOW

33.0291 CVE

YEARLY AVERAGE

33.6927 CVE

2021 TND to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the TND to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on November 22, valuing the pair at 34.6129. Conversely, the yearly low was recorded on June 17, dropping to 33.0291.

This high-to-low spread represents a total annual volatility of 1.5839 CVE. From a start-to-finish perspective, comparing the January average rate of 33.7181 to the December average rate of 34.0633, the exchange rate registered a net change of 1.02% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 34.6129 was down 61.26% compared to the 2020 peak of 89.3513, 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 173,065 CVE

2020 Average 173,771 CVE

Yearly Trough Low 165,145 CVE

Transaction Impact: A difference of 7,919.25 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

34.1293

33.3372

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 33.6119, compared to 33.7735 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1616 points.

H1 Avg (Jan–Jun) 33.6119

H2 Avg (Jul–Dec) 33.7735

Volatility Range Comparison

Volatility

The most volatile month in 2021 was June, with a trading range of 1.5426 CVE (High: 34.5717 / Low: 33.0291). On the other end, October was the most stable month, with a tight range of 0.3406 CVE (High: 34.0089 / Low: 33.6683).

June Spread (Volatile) ±1.5426

October Spread (Stable) ±0.3406

Growth Streaks & Declines

Trends

Between May and August, 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 March and April, when the average rate fell by 0.2762 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.2762

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2021: 33.9409) against the same month in 2020 (average: 34.0496), the exchange rate shifted by -0.1087 (-0.32%).

2021 Avg (November) 33.9409

2020 Avg (November) 34.0496

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	33.9203	33.5411	33.7181
February	33.9819	33.4832	33.7517
March	33.9774	33.4885	33.8069
April	33.8495	33.2758	33.5307
May	33.6700	33.2109	33.4032
June	34.5717	33.0291	33.4606
July	33.7664	33.3898	33.6291
August	33.7937	33.3900	33.6394
September	33.9861	33.3947	33.6020
October	34.0089	33.6683	33.7661
November	34.6129	33.6268	33.9409
December	34.4188	33.9010	34.0633