2020 TND to TOP Historical Review

YEARLY HIGH

0.8499 TOP

YEARLY LOW

0.7902 TOP

YEARLY AVERAGE

0.8207 TOP

2020 TND to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the TND to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 17, valuing the pair at 0.8499. Conversely, the yearly low was recorded on June 13, dropping to 0.7902.

This high-to-low spread represents a total annual volatility of 0.0596 TOP. From a start-to-finish perspective, comparing the January average rate of 0.8166 to the December average rate of 0.8455, the exchange rate registered a net change of 3.54% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.8499 was up 3.07% compared to the 2019 peak of 0.8245, 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 4,249 TOP

2019 Average 3,920 TOP

Yearly Trough Low 3,951 TOP

Transaction Impact: A difference of 298.11 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.8504

0.7919

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 0.8088, compared to 0.8327 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0239 points.

H1 Avg (Jan–Jun) 0.8088

H2 Avg (Jul–Dec) 0.8327

Volatility Range Comparison

Volatility

The most volatile month in 2020 was July, with a trading range of 0.0278 TOP (High: 0.8266 / Low: 0.7989). On the other end, November was the most stable month, with a tight range of 0.0084 TOP (High: 0.8435 / Low: 0.8350).

July Spread (Volatile) ±0.0278

November Spread (Stable) ±0.0084

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 March and April, when the average rate fell by 0.0155 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0155

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 0.8455) against the same month in 2019 (average: 0.8104), the exchange rate shifted by +0.0351 (+4.33%).

2020 Avg (December) 0.8455

2019 Avg (December) 0.8104

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8235	0.8111	0.8166
February	0.8223	0.8078	0.8148
March	0.8265	0.8132	0.8215
April	0.8203	0.7977	0.8060
May	0.8041	0.7904	0.7968
June	0.8019	0.7902	0.7969
July	0.8266	0.7989	0.8097
August	0.8390	0.8169	0.8335
September	0.8356	0.8223	0.8301
October	0.8462	0.8328	0.8396
November	0.8435	0.8350	0.8377
December	0.8499	0.8391	0.8455