2011 VEF to TND Historical Review

YEARLY HIGH

0.3497 TND

YEARLY LOW

0.3116 TND

YEARLY AVERAGE

0.3275 TND

2011 VEF to TND Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the VEF to TND exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 0.3497. Conversely, the yearly low was recorded on May 2, dropping to 0.3116.

This high-to-low spread represents a total annual volatility of 0.0381 TND. From a start-to-finish perspective, comparing the January average rate of 0.3340 to the December average rate of 0.3452, the exchange rate registered a net change of 3.34% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.3497 was down 43.26% compared to the 2010 peak of 0.6164, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,748 TND

2010 Average 1,709 TND

Yearly Trough Low 1,558 TND

Transaction Impact: A difference of 190.38 TND purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.3478

0.3161

JanuMarcMayJulySeptNove

VEF 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 0.3245, compared to 0.3305 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0060 points.

H1 Avg (Jan–Jun) 0.3245

H2 Avg (Jul–Dec) 0.3305

Volatility Range Comparison

Volatility

The most volatile month in 2011 was October, with a trading range of 0.0169 TND (High: 0.3397 / Low: 0.3228). On the other end, February was the most stable month, with a tight range of 0.0056 TND (High: 0.3329 / Low: 0.3274).

October Spread (Volatile) ±0.0169

February Spread (Stable) ±0.0056

Growth Streaks & Declines

Trends

Between August and December, 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 March and April, when the average rate fell by 0.0058 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0058

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 0.3452) against the same month in 2010 (average: 0.3363), the exchange rate shifted by +0.0088 (+2.63%).

2011 Avg (December) 0.3452

2010 Avg (December) 0.3363

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3425	0.3278	0.3340
February	0.3329	0.3274	0.3300
March	0.3281	0.3212	0.3245
April	0.3242	0.3131	0.3188
May	0.3269	0.3116	0.3206
June	0.3227	0.3154	0.3192
July	0.3263	0.3177	0.3208
August	0.3233	0.3162	0.3199
September	0.3343	0.3210	0.3292
October	0.3397	0.3228	0.3306
November	0.3439	0.3322	0.3372
December	0.3497	0.3406	0.3452