2011 TND to SHP Historical Review

YEARLY HIGH

0.4562 SHP

YEARLY LOW

0.4275 SHP

YEARLY AVERAGE

0.4434 SHP

2011 TND to SHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the TND to SHP exchange rate experienced significant fluctuation. The market reached its absolute peak on June 30, valuing the pair at 0.4562. Conversely, the yearly low was recorded on December 21, dropping to 0.4275.

This high-to-low spread represents a total annual volatility of 0.0288 SHP. From a start-to-finish perspective, comparing the January average rate of 0.4419 to the December average rate of 0.4323, the exchange rate registered a net change of -2.18% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.4562 was down 5.19% compared to the 2010 peak of 0.4812, 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 2,281 SHP

2010 Average 2,262 SHP

Yearly Trough Low 2,137 SHP

Transaction Impact: A difference of 143.86 SHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.4516

0.4305

JanuMarcMayJulySeptNove

TND to SHP 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 0.4439, compared to 0.4429 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0010 points.

H1 Avg (Jan–Jun) 0.4439

H2 Avg (Jul–Dec) 0.4429

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 0.0172 SHP (High: 0.4535 / Low: 0.4363). On the other end, April was the most stable month, with a tight range of 0.0068 SHP (High: 0.4500 / Low: 0.4432).

January Spread (Volatile) ±0.0172

April Spread (Stable) ±0.0068

Growth Streaks & Declines

Trends

Between February and April, 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 October and November, when the average rate fell by 0.0095 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0095

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2011: 0.4499) against the same month in 2010 (average: 0.4469), the exchange rate shifted by +0.0030 (+0.66%).

2011 Avg (June) 0.4499

2010 Avg (June) 0.4469

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4535	0.4363	0.4419
February	0.4411	0.4333	0.4374
March	0.4504	0.4363	0.4441
April	0.4500	0.4432	0.4459
May	0.4518	0.4356	0.4441
June	0.4562	0.4444	0.4499
July	0.4555	0.4444	0.4494
August	0.4498	0.4414	0.4448
September	0.4534	0.4424	0.4476
October	0.4505	0.4409	0.4464
November	0.4414	0.4339	0.4369
December	0.4369	0.4275	0.4323