2014 TND to ZAR Historical Review

YEARLY HIGH

7.0014 ZAR

YEARLY LOW

5.9467 ZAR

YEARLY AVERAGE

6.4004 ZAR

2014 TND to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the TND to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 3, valuing the pair at 7.0014. Conversely, the yearly low was recorded on November 23, dropping to 5.9467.

This high-to-low spread represents a total annual volatility of 1.0547 ZAR. From a start-to-finish perspective, comparing the January average rate of 6.6041 to the December average rate of 6.1921, the exchange rate registered a net change of -6.24% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 7.0014 was up 9.35% compared to the 2013 peak of 6.4029, 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 35,007 ZAR

2013 Average 29,663 ZAR

Yearly Trough Low 29,733 ZAR

Transaction Impact: A difference of 5,273.48 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

6.9808

5.9636

JanuMarcMayJulySeptNove

TND to ZAR 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 6.6333, compared to 6.1675 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4658 points.

H1 Avg (Jan–Jun) 6.6333

H2 Avg (Jul–Dec) 6.1675

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.6137 ZAR (High: 6.9999 / Low: 6.3862). On the other end, April was the most stable month, with a tight range of 0.1420 ZAR (High: 6.7068 / Low: 6.5648).

January Spread (Volatile) ±0.6137

April Spread (Stable) ±0.1420

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2014. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.2133 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.2133

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2014: 6.8960) against the same month in 2013 (average: 5.6995), the exchange rate shifted by +1.1965 (+20.99%).

2014 Avg (February) 6.8960

2013 Avg (February) 5.6995

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	6.9999	6.3862	6.6041
February	7.0014	6.7660	6.8960
March	6.8908	6.6652	6.8136
April	6.7068	6.5648	6.6374
May	6.5706	6.3201	6.4242
June	6.5720	6.2925	6.4245
July	6.3665	6.0983	6.2321
August	6.2639	6.1188	6.1847
September	6.2797	6.0756	6.2003
October	6.2550	6.0076	6.1474
November	6.1387	5.9467	6.0484
December	6.3233	5.9830	6.1921