2011 BIF to HNL Historical Review

YEARLY HIGH

0.0168 HNL

YEARLY LOW

0.0144 HNL

YEARLY AVERAGE

0.0157 HNL

2011 BIF to HNL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the BIF to HNL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.0168. Conversely, the yearly low was recorded on December 13, dropping to 0.0144.

This high-to-low spread represents a total annual volatility of 0.0024 HNL. From a start-to-finish perspective, comparing the January average rate of 0.0167 to the December average rate of 0.0147, the exchange rate registered a net change of -11.72% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.0168 was down 0.29% compared to the 2010 peak of 0.0168, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 84 HNL

2010 Average 83 HNL

Yearly Trough Low 72 HNL

Transaction Impact: A difference of 12.16 HNL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.0169

0.0145

JanuMarcMayJulySeptNove

BIF to HNL 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 0.0161, compared to 0.0153 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0008 points.

H1 Avg (Jan–Jun) 0.0161

H2 Avg (Jul–Dec) 0.0153

Volatility Range Comparison

Volatility

The most volatile month in 2011 was April, with a trading range of 0.0013 HNL (High: 0.0167 / Low: 0.0154). On the other end, October was the most stable month, with a tight range of 0.0001 HNL (High: 0.0155 / Low: 0.0153).

April Spread (Volatile) ±0.0013

October Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between August and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0011 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0011

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 0.0167) against the same month in 2010 (average: 0.0166), the exchange rate shifted by +0.0001 (+0.48%).

2011 Avg (January) 0.0167

2010 Avg (January) 0.0166

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0168	0.0166	0.0167
February	0.0167	0.0166	0.0166
March	0.0167	0.0166	0.0166
April	0.0167	0.0154	0.0156
May	0.0155	0.0154	0.0154
June	0.0155	0.0153	0.0154
July	0.0155	0.0153	0.0154
August	0.0154	0.0152	0.0153
September	0.0154	0.0153	0.0154
October	0.0155	0.0153	0.0154
November	0.0154	0.0149	0.0153
December	0.0154	0.0144	0.0147