2014 TND to TOP Historical Review

YEARLY HIGH

1.1883 TOP

YEARLY LOW

1.0476 TOP

YEARLY AVERAGE

1.1136 TOP

2014 TND to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the TND to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on March 12, valuing the pair at 1.1883. Conversely, the yearly low was recorded on December 8, dropping to 1.0476.

This high-to-low spread represents a total annual volatility of 0.1406 TOP. From a start-to-finish perspective, comparing the January average rate of 1.1330 to the December average rate of 1.0574, 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 1.1883 was up 3.31% compared to the 2013 peak of 1.1502, 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 5,941 TOP

2013 Average 5,514 TOP

Yearly Trough Low 5,238 TOP

Transaction Impact: A difference of 703.07 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.1890

1.0454

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 1.1504, compared to 1.0768 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0735 points.

H1 Avg (Jan–Jun) 1.1504

H2 Avg (Jul–Dec) 1.0768

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.0560 TOP (High: 1.1713 / Low: 1.1153). On the other end, February was the most stable month, with a tight range of 0.0180 TOP (High: 1.1825 / Low: 1.1645).

January Spread (Volatile) ±0.0560

February Spread (Stable) ±0.0180

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 0.0424 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0424

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2014: 1.1770) against the same month in 2013 (average: 1.1038), the exchange rate shifted by +0.0732 (+6.64%).

2014 Avg (March) 1.1770

2013 Avg (March) 1.1038

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.1713	1.1153	1.1330
February	1.1825	1.1645	1.1758
March	1.1883	1.1531	1.1770
April	1.1663	1.1406	1.1527
May	1.1575	1.1300	1.1442
June	1.1458	1.0965	1.1194
July	1.0937	1.0546	1.0771
August	1.0967	1.0601	1.0779
September	1.0880	1.0505	1.0757
October	1.1023	1.0756	1.0879
November	1.0945	1.0631	1.0850
December	1.0734	1.0476	1.0574