2014 TND to PEN Historical Review

YEARLY HIGH

1.7879 PEN

YEARLY LOW

1.5825 PEN

YEARLY AVERAGE

1.6753 PEN

2014 TND to PEN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the TND to PEN exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 1.7879. Conversely, the yearly low was recorded on November 24, dropping to 1.5825.

This high-to-low spread represents a total annual volatility of 0.2053 PEN. From a start-to-finish perspective, comparing the January average rate of 1.7096 to the December average rate of 1.5956, the exchange rate registered a net change of -6.67% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.7879 was up 3.77% compared to the 2013 peak of 1.7229, 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 8,939 PEN

2013 Average 8,313 PEN

Yearly Trough Low 7,913 PEN

Transaction Impact: A difference of 1,026.62 PEN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.7979

1.5769

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 1.7369, compared to 1.6137 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1232 points.

H1 Avg (Jan–Jun) 1.7369

H2 Avg (Jul–Dec) 1.6137

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.0719 PEN (High: 1.7593 / Low: 1.6874). On the other end, August was the most stable month, with a tight range of 0.0163 PEN (High: 1.6394 / Low: 1.6231).

January Spread (Volatile) ±0.0719

August Spread (Stable) ±0.0163

Growth Streaks & Declines

Trends

Between January and March, 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 0.0541 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0541

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2014: 1.7795) against the same month in 2013 (average: 1.6386), the exchange rate shifted by +0.1409 (+8.60%).

2014 Avg (March) 1.7795

2013 Avg (March) 1.6386

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.7593	1.6874	1.7096
February	1.7783	1.7573	1.7693
March	1.7879	1.7703	1.7795
April	1.7765	1.7464	1.7572
May	1.7522	1.6953	1.7228
June	1.7049	1.6620	1.6829
July	1.6624	1.6145	1.6288
August	1.6394	1.6231	1.6326
September	1.6370	1.6054	1.6178
October	1.6201	1.6007	1.6119
November	1.6075	1.5825	1.5954
December	1.6119	1.5855	1.5956