2011 TND to PEN Historical Review

YEARLY HIGH

2.1217 PEN

YEARLY LOW

1.7967 PEN

YEARLY AVERAGE

1.9598 PEN

2011 TND to PEN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the TND to PEN exchange rate experienced significant fluctuation. The market reached its absolute peak on May 2, valuing the pair at 2.1217. Conversely, the yearly low was recorded on December 29, dropping to 1.7967.

This high-to-low spread represents a total annual volatility of 0.3250 PEN. From a start-to-finish perspective, comparing the January average rate of 1.9434 to the December average rate of 1.8196, the exchange rate registered a net change of -6.37% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 2.1217 was down 8.44% compared to the 2010 peak of 2.3173, 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 10,609 PEN

2010 Average 10,505 PEN

Yearly Trough Low 8,984 PEN

Transaction Impact: A difference of 1,624.90 PEN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

2.0799

1.7960

JanuMarcMayJulySeptNove

TND to PEN 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 1.9970, compared to 1.9225 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0744 points.

H1 Avg (Jan–Jun) 1.9970

H2 Avg (Jul–Dec) 1.9225

Volatility Range Comparison

Volatility

The most volatile month in 2011 was May, with a trading range of 0.1572 PEN (High: 2.1217 / Low: 1.9645). On the other end, August was the most stable month, with a tight range of 0.0327 PEN (High: 2.0115 / Low: 1.9788).

May Spread (Volatile) ±0.1572

August Spread (Stable) ±0.0327

Growth Streaks & Declines

Trends

Between January and April, 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 October and November, when the average rate fell by 0.0562 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0562

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2011: 2.0176) against the same month in 2010 (average: 2.0110), the exchange rate shifted by +0.0066 (+0.33%).

2011 Avg (May) 2.0176

2010 Avg (May) 2.0110

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.9811	1.9076	1.9434
February	1.9774	1.9354	1.9561
March	2.0294	1.9652	1.9928
April	2.1008	2.0156	2.0563
May	2.1217	1.9645	2.0176
June	2.0587	1.9911	2.0156
July	2.0116	1.9569	1.9898
August	2.0115	1.9788	1.9935
September	1.9803	1.9156	1.9396
October	1.9567	1.9039	1.9245
November	1.8950	1.8358	1.8683
December	1.8454	1.7967	1.8196