2014 TOP to TND Historical Review

YEARLY HIGH

0.9545 TND

YEARLY LOW

0.8416 TND

YEARLY AVERAGE

0.8992 TND

2014 TOP to TND Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the TOP to TND exchange rate experienced significant fluctuation. The market reached its absolute peak on December 8, valuing the pair at 0.9545. Conversely, the yearly low was recorded on March 12, dropping to 0.8416.

This high-to-low spread represents a total annual volatility of 0.1130 TND. From a start-to-finish perspective, comparing the January average rate of 0.8827 to the December average rate of 0.9457, the exchange rate registered a net change of 7.14% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.9545 was up 0.10% compared to the 2013 peak of 0.9536, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 TOP based on timing:

Yearly Peak High 4,773 TND

2013 Average 4,536 TND

Yearly Trough Low 4,208 TND

Transaction Impact: A difference of 564.78 TND purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.9554

0.8400

JanuMarcMayJulySeptNove

TOP to TND 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 0.8697, compared to 0.9288 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0591 points.

H1 Avg (Jan–Jun) 0.8697

H2 Avg (Jul–Dec) 0.9288

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.0428 TND (High: 0.8966 / Low: 0.8538). On the other end, February was the most stable month, with a tight range of 0.0131 TND (High: 0.8587 / Low: 0.8456).

January Spread (Volatile) ±0.0428

February Spread (Stable) ±0.0131

Growth Streaks & Declines

Trends

Between March and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0323 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0323

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.9457) against the same month in 2013 (average: 0.8937), the exchange rate shifted by +0.0521 (+5.83%).

2014 Avg (December) 0.9457

2013 Avg (December) 0.8937

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8966	0.8538	0.8827
February	0.8587	0.8456	0.8505
March	0.8672	0.8416	0.8496
April	0.8768	0.8574	0.8676
May	0.8849	0.8639	0.8740
June	0.9120	0.8727	0.8935
July	0.9483	0.9143	0.9285
August	0.9433	0.9118	0.9279
September	0.9519	0.9191	0.9298
October	0.9297	0.9072	0.9192
November	0.9407	0.9137	0.9217
December	0.9545	0.9317	0.9457