2015 TND to TOP Historical Review

YEARLY HIGH

1.1642 TOP

YEARLY LOW

1.0066 TOP

YEARLY AVERAGE

1.0804 TOP

2015 TND to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the TND to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on August 24, valuing the pair at 1.1642. Conversely, the yearly low was recorded on March 8, dropping to 1.0066.

This high-to-low spread represents a total annual volatility of 0.1576 TOP. From a start-to-finish perspective, comparing the January average rate of 1.0380 to the December average rate of 1.1071, the exchange rate registered a net change of 6.65% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 1.1642 was down 2.03% compared to the 2014 peak of 1.1883, 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 5,821 TOP

2014 Average 5,566 TOP

Yearly Trough Low 5,033 TOP

Transaction Impact: A difference of 787.80 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

1.1481

1.0173

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 1.0448, compared to 1.1159 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0711 points.

H1 Avg (Jan–Jun) 1.0448

H2 Avg (Jul–Dec) 1.1159

Volatility Range Comparison

Volatility

The most volatile month in 2015 was September, with a trading range of 0.0686 TOP (High: 1.1641 / Low: 1.0955). On the other end, November was the most stable month, with a tight range of 0.0274 TOP (High: 1.1085 / Low: 1.0811).

September Spread (Volatile) ±0.0686

November Spread (Stable) ±0.0274

Growth Streaks & Declines

Trends

Between March and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0410 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0410

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2015: 1.1372) against the same month in 2014 (average: 1.0779), the exchange rate shifted by +0.0594 (+5.51%).

2015 Avg (August) 1.1372

2014 Avg (August) 1.0779

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0559	1.0198	1.0380
February	1.0580	1.0235	1.0402
March	1.0463	1.0066	1.0282
April	1.0572	1.0217	1.0369
May	1.0649	1.0283	1.0482
June	1.1141	1.0462	1.0775
July	1.1280	1.0797	1.0993
August	1.1642	1.1214	1.1372
September	1.1641	1.0955	1.1257
October	1.1525	1.1040	1.1337
November	1.1085	1.0811	1.0927
December	1.1305	1.0888	1.1071