2011 TND to RON Historical Review

YEARLY HIGH

2.2667 RON

YEARLY LOW

2.0397 RON

YEARLY AVERAGE

2.1662 RON

2011 TND to RON Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the TND to RON exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 2.2667. Conversely, the yearly low was recorded on April 29, dropping to 2.0397.

This high-to-low spread represents a total annual volatility of 0.2269 RON. From a start-to-finish perspective, comparing the January average rate of 2.2240 to the December average rate of 2.2160, the exchange rate registered a net change of -0.36% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 2.2667 was down 3.83% compared to the 2010 peak of 2.3568, 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 11,333 RON

2010 Average 11,102 RON

Yearly Trough Low 10,199 RON

Transaction Impact: A difference of 1,134.68 RON purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

2.2392

2.0564

JanuMarcMayJulySeptNove

TND to RON 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 2.1382, compared to 2.1942 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0560 points.

H1 Avg (Jan–Jun) 2.1382

H2 Avg (Jul–Dec) 2.1942

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.1004 RON (High: 2.2496 / Low: 2.1492). On the other end, November was the most stable month, with a tight range of 0.0475 RON (High: 2.2378 / Low: 2.1903).

September Spread (Volatile) ±0.1004

November Spread (Stable) ±0.0475

Growth Streaks & Declines

Trends

Between April and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0632 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0632

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 2.2240) against the same month in 2010 (average: 2.1919), the exchange rate shifted by +0.0320 (+1.46%).

2011 Avg (January) 2.2240

2010 Avg (January) 2.1919

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2667	2.1981	2.2240
February	2.2128	2.1639	2.1948
March	2.1692	2.0880	2.1316
April	2.1002	2.0397	2.0716
May	2.1135	2.0413	2.0821
June	2.1745	2.0792	2.1254
July	2.1866	2.1140	2.1539
August	2.1862	2.1280	2.1595
September	2.2496	2.1492	2.1973
October	2.2518	2.1941	2.2192
November	2.2378	2.1903	2.2195
December	2.2501	2.1965	2.2160