2021 TND to ILS Historical Review

YEARLY HIGH

1.2229 ILS

YEARLY LOW

1.0668 ILS

YEARLY AVERAGE

1.1643 ILS

2021 TND to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the TND to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on February 26, valuing the pair at 1.2229. Conversely, the yearly low was recorded on November 17, dropping to 1.0668.

This high-to-low spread represents a total annual volatility of 0.1561 ILS. From a start-to-finish perspective, comparing the January average rate of 1.1979 to the December average rate of 1.0891, the exchange rate registered a net change of -9.08% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 1.2229 was down 8.50% compared to the 2020 peak of 1.3365, 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 6,114 ILS

2020 Average 6,130 ILS

Yearly Trough Low 5,334 ILS

Transaction Impact: A difference of 780.35 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

1.2187

1.0773

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 1.1956, compared to 1.1329 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0626 points.

H1 Avg (Jan–Jun) 1.1956

H2 Avg (Jul–Dec) 1.1329

Volatility Range Comparison

Volatility

The most volatile month in 2021 was January, with a trading range of 0.0556 ILS (High: 1.2150 / Low: 1.1594). On the other end, September was the most stable month, with a tight range of 0.0127 ILS (High: 1.1534 / Low: 1.1407).

January Spread (Volatile) ±0.0556

September Spread (Stable) ±0.0127

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2021. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0435 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0435

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2021: 1.2069) against the same month in 2020 (average: 1.2079), the exchange rate shifted by -0.0010 (-0.09%).

2021 Avg (February) 1.2069

2020 Avg (February) 1.2079

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.2150	1.1594	1.1979
February	1.2229	1.1928	1.2069
March	1.2151	1.1932	1.2045
April	1.2009	1.1772	1.1872
May	1.2064	1.1802	1.1935
June	1.1975	1.1726	1.1835
July	1.1825	1.1563	1.1745
August	1.1666	1.1483	1.1565
September	1.1534	1.1407	1.1472
October	1.1487	1.1212	1.1368
November	1.1084	1.0668	1.0934
December	1.1034	1.0757	1.0891