2014 BIF to HNL Historical Review

YEARLY HIGH

0.0138 HNL

YEARLY LOW

0.0123 HNL

YEARLY AVERAGE

0.0131 HNL

2014 BIF to HNL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the BIF to HNL exchange rate experienced significant fluctuation. The market reached its absolute peak on October 5, valuing the pair at 0.0138. Conversely, the yearly low was recorded on May 1, dropping to 0.0123.

This high-to-low spread represents a total annual volatility of 0.0015 HNL. From a start-to-finish perspective, comparing the January average rate of 0.0129 to the December average rate of 0.0135, the exchange rate registered a net change of 4.07% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.0138 was up 3.53% compared to the 2013 peak of 0.0133, 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 69 HNL

2013 Average 65 HNL

Yearly Trough Low 61 HNL

Transaction Impact: A difference of 7.67 HNL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.0138

0.0122

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 0.0127, compared to 0.0136 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0008 points.

H1 Avg (Jan–Jun) 0.0127

H2 Avg (Jul–Dec) 0.0136

Volatility Range Comparison

Volatility

The most volatile month in 2014 was May, with a trading range of 0.0010 HNL (High: 0.0133 / Low: 0.0123). On the other end, September was the most stable month, with a tight range of 0.0001 HNL (High: 0.0137 / Low: 0.0136).

May Spread (Volatile) ±0.0010

September Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between April and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0003 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0003

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2014: 0.0136) against the same month in 2013 (average: 0.0132), the exchange rate shifted by +0.0004 (+2.79%).

2014 Avg (October) 0.0136

2013 Avg (October) 0.0132

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0131	0.0128	0.0129
February	0.0129	0.0126	0.0127
March	0.0126	0.0124	0.0125
April	0.0124	0.0123	0.0124
May	0.0133	0.0123	0.0124
June	0.0136	0.0133	0.0135
July	0.0136	0.0135	0.0135
August	0.0137	0.0135	0.0136
September	0.0137	0.0136	0.0136
October	0.0138	0.0135	0.0136
November	0.0137	0.0135	0.0136
December	0.0136	0.0134	0.0135