2016 TND to ILS Historical Review

YEARLY HIGH

1.9531 ILS

YEARLY LOW

1.6452 ILS

YEARLY AVERAGE

1.7938 ILS

2016 TND to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the TND to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 1.9531. Conversely, the yearly low was recorded on December 21, dropping to 1.6452.

This high-to-low spread represents a total annual volatility of 0.3079 ILS. From a start-to-finish perspective, comparing the January average rate of 1.9325 to the December average rate of 1.6588, the exchange rate registered a net change of -14.16% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 1.9531 was down 7.12% compared to the 2015 peak of 2.1028, 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 9,766 ILS

2015 Average 9,909 ILS

Yearly Trough Low 8,226 ILS

Transaction Impact: A difference of 1,539.71 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

1.9599

1.6314

JanuMarcMayJulySeptNove

TND to ILS 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 1.8824, compared to 1.7053 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1771 points.

H1 Avg (Jan–Jun) 1.8824

H2 Avg (Jul–Dec) 1.7053

Volatility Range Comparison

Volatility

The most volatile month in 2016 was May, with a trading range of 0.0678 ILS (High: 1.8936 / Low: 1.8258). On the other end, September was the most stable month, with a tight range of 0.0155 ILS (High: 1.7183 / Low: 1.7028).

May Spread (Volatile) ±0.0678

September Spread (Stable) ±0.0155

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2016. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0695 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.0695

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2016: 1.9325) against the same month in 2015 (average: 2.0670), the exchange rate shifted by -0.1345 (-6.51%).

2016 Avg (January) 1.9325

2015 Avg (January) 2.0670

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.9531	1.9060	1.9325
February	1.9503	1.9085	1.9306
March	1.9298	1.8670	1.9083
April	1.8957	1.8598	1.8739
May	1.8936	1.8258	1.8592
June	1.8195	1.7588	1.7897
July	1.7652	1.7182	1.7424
August	1.7331	1.7105	1.7239
September	1.7183	1.7028	1.7083
October	1.7186	1.7000	1.7080
November	1.7096	1.6649	1.6900
December	1.6744	1.6452	1.6588