2011 TND to TOP Historical Review

YEARLY HIGH

1.3660 TOP

YEARLY LOW

1.1488 TOP

YEARLY AVERAGE

1.2489 TOP

2011 TND to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the TND to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on April 21, valuing the pair at 1.3660. Conversely, the yearly low was recorded on December 13, dropping to 1.1488.

This high-to-low spread represents a total annual volatility of 0.2172 TOP. From a start-to-finish perspective, comparing the January average rate of 1.2966 to the December average rate of 1.1710, the exchange rate registered a net change of -9.69% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 1.3660 was down 7.28% compared to the 2010 peak of 1.4733, 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 6,830 TOP

2010 Average 6,732 TOP

Yearly Trough Low 5,744 TOP

Transaction Impact: A difference of 1,085.85 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

1.3540

1.1543

JanuMarcMayJulySeptNove

TND to TOP 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 1.3041, compared to 1.1938 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1103 points.

H1 Avg (Jan–Jun) 1.3041

H2 Avg (Jul–Dec) 1.1938

Volatility Range Comparison

Volatility

The most volatile month in 2011 was July, with a trading range of 0.0876 TOP (High: 1.2596 / Low: 1.1720). On the other end, February was the most stable month, with a tight range of 0.0221 TOP (High: 1.3184 / Low: 1.2964).

July Spread (Volatile) ±0.0876

February Spread (Stable) ±0.0221

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 April and May, when the average rate fell by 0.0553 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0553

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2011: 1.3373) against the same month in 2010 (average: 1.3667), the exchange rate shifted by -0.0293 (-2.15%).

2011 Avg (April) 1.3373

2010 Avg (April) 1.3667

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.3192	1.2699	1.2966
February	1.3184	1.2964	1.3078
March	1.3481	1.3086	1.3311
April	1.3660	1.3120	1.3373
May	1.3219	1.2524	1.2821
June	1.2887	1.2458	1.2695
July	1.2596	1.1720	1.2230
August	1.2124	1.1672	1.1919
September	1.2190	1.1745	1.1887
October	1.2288	1.1797	1.2073
November	1.2152	1.1634	1.1809
December	1.1853	1.1488	1.1710