2013 TND to TOP Historical Review

YEARLY HIGH

1.1502 TOP

YEARLY LOW

1.0487 TOP

YEARLY AVERAGE

1.1027 TOP

2013 TND to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2013

During 2013, the TND to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on September 3, valuing the pair at 1.1502. Conversely, the yearly low was recorded on May 10, dropping to 1.0487.

This high-to-low spread represents a total annual volatility of 0.1015 TOP. From a start-to-finish perspective, comparing the January average rate of 1.1153 to the December average rate of 1.1190, the exchange rate registered a net change of 0.33% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2013 high of 1.1502 was down 1.90% compared to the 2012 peak of 1.1724, 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 5,751 TOP

2012 Average 5,566 TOP

Yearly Trough Low 5,244 TOP

Transaction Impact: A difference of 507.47 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2013.

1.1308

1.0564

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 1.0960, compared to 1.1094 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0134 points.

H1 Avg (Jan–Jun) 1.0960

H2 Avg (Jul–Dec) 1.1094

Volatility Range Comparison

Volatility

The most volatile month in 2013 was June, with a trading range of 0.0648 TOP (High: 1.1249 / Low: 1.0601). On the other end, January was the most stable month, with a tight range of 0.0124 TOP (High: 1.1228 / Low: 1.1104).

June Spread (Volatile) ±0.0648

January Spread (Stable) ±0.0124

Growth Streaks & Declines

Trends

Between May and August, 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 0.0269 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0269

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2013: 1.1144) against the same month in 2012 (average: 1.1062), the exchange rate shifted by +0.0082 (+0.74%).

2013 Avg (September) 1.1144

2012 Avg (September) 1.1062

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.1228	1.1104	1.1153
February	1.1252	1.0932	1.1101
March	1.1186	1.0887	1.1038
April	1.0976	1.0808	1.0895
May	1.0845	1.0487	1.0626
June	1.1249	1.0601	1.0946
July	1.1277	1.1036	1.1106
August	1.1367	1.1085	1.1246
September	1.1502	1.0909	1.1144
October	1.1111	1.0837	1.0993
November	1.1151	1.0711	1.0885
December	1.1317	1.1017	1.1190