2017 TND to TOP Historical Review

YEARLY HIGH

1.0190 TOP

YEARLY LOW

0.8905 TOP

YEARLY AVERAGE

0.9417 TOP

2017 TND to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the TND to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on March 26, valuing the pair at 1.0190. Conversely, the yearly low was recorded on November 7, dropping to 0.8905.

This high-to-low spread represents a total annual volatility of 0.1286 TOP. From a start-to-finish perspective, comparing the January average rate of 0.9989 to the December average rate of 0.9195, the exchange rate registered a net change of -7.95% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 1.0190 was down 12.00% compared to the 2016 peak of 1.1580, 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 5,095 TOP

2016 Average 5,259 TOP

Yearly Trough Low 4,452 TOP

Transaction Impact: A difference of 642.80 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

1.0101

0.8908

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 0.9739, compared to 0.9095 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0644 points.

H1 Avg (Jan–Jun) 0.9739

H2 Avg (Jul–Dec) 0.9095

Volatility Range Comparison

Volatility

The most volatile month in 2017 was April, with a trading range of 0.0933 TOP (High: 1.0102 / Low: 0.9169). On the other end, October was the most stable month, with a tight range of 0.0157 TOP (High: 0.9086 / Low: 0.8929).

April Spread (Volatile) ±0.0933

October Spread (Stable) ±0.0157

Growth Streaks & Declines

Trends

Between October and December, 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 May and June, when the average rate fell by 0.0259 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0259

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2017: 1.0002) against the same month in 2016 (average: 1.1126), the exchange rate shifted by -0.1124 (-10.10%).

2017 Avg (March) 1.0002

2016 Avg (March) 1.1126

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0094	0.9861	0.9989
February	1.0050	0.9731	0.9878
March	1.0190	0.9705	1.0002
April	1.0102	0.9169	0.9750
May	0.9739	0.9333	0.9538
June	0.9455	0.9101	0.9279
July	0.9299	0.8983	0.9157
August	0.9221	0.8920	0.9087
September	0.9154	0.8948	0.9033
October	0.9086	0.8929	0.9007
November	0.9295	0.8905	0.9092
December	0.9268	0.9080	0.9195