2012 TND to VEF Historical Review

YEARLY HIGH

2.8832 VEF

YEARLY LOW

2.6239 VEF

YEARLY AVERAGE

2.7512 VEF

2012 TND to VEF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the TND to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on February 25, valuing the pair at 2.8832. Conversely, the yearly low was recorded on July 24, dropping to 2.6239.

This high-to-low spread represents a total annual volatility of 0.2593 VEF. From a start-to-finish perspective, comparing the January average rate of 2.8392 to the December average rate of 2.7503, the exchange rate registered a net change of -3.13% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2012 high of 2.8832 was down 10.15% compared to the 2011 peak of 3.2091, 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 14,416 VEF

2011 Average 15,278 VEF

Yearly Trough Low 13,120 VEF

Transaction Impact: A difference of 1,296.53 VEF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

2.8826

2.6301

JanuMarcMayJulySeptNove

TND to VEF 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 2.7954, compared to 2.7069 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0885 points.

H1 Avg (Jan–Jun) 2.7954

H2 Avg (Jul–Dec) 2.7069

Volatility Range Comparison

Volatility

The most volatile month in 2012 was May, with a trading range of 0.1318 VEF (High: 2.7904 / Low: 2.6586). On the other end, October was the most stable month, with a tight range of 0.0349 VEF (High: 2.7550 / Low: 2.7201).

May Spread (Volatile) ±0.1318

October Spread (Stable) ±0.0349

Growth Streaks & Declines

Trends

Between July and October, 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 0.0903 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0903

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2012: 2.8616) against the same month in 2011 (average: 3.0308), the exchange rate shifted by -0.1692 (-5.58%).

2012 Avg (February) 2.8616

2011 Avg (February) 3.0308

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.8715	2.8054	2.8392
February	2.8832	2.8293	2.8616
March	2.8672	2.8213	2.8446
April	2.8597	2.7884	2.8171
May	2.7904	2.6586	2.7268
June	2.7173	2.6499	2.6831
July	2.7165	2.6239	2.6511
August	2.6901	2.6380	2.6643
September	2.7636	2.6856	2.7253
October	2.7550	2.7201	2.7398
November	2.7359	2.6941	2.7107
December	2.7718	2.7262	2.7503