2014 BND to HNL Historical Review

YEARLY HIGH

16.9125 HNL

YEARLY LOW

15.0927 HNL

YEARLY AVERAGE

16.1102 HNL

2014 BND to HNL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the BND to HNL exchange rate experienced significant fluctuation. The market reached its absolute peak on July 23, valuing the pair at 16.9125. Conversely, the yearly low was recorded on March 22, dropping to 15.0927.

This high-to-low spread represents a total annual volatility of 1.8198 HNL. From a start-to-finish perspective, comparing the January average rate of 15.7622 to the December average rate of 16.0224, the exchange rate registered a net change of 1.65% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 16.9125 was up 2.35% compared to the 2013 peak of 16.5241, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 84,562 HNL

2013 Average 80,285 HNL

Yearly Trough Low 75,463 HNL

Transaction Impact: A difference of 9,098.97 HNL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

17.0162

15.1008

JanuMarcMayJulySeptNove

BND 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 15.6442, compared to 16.5762 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.9319 points.

H1 Avg (Jan–Jun) 15.6442

H2 Avg (Jul–Dec) 16.5762

Volatility Range Comparison

Volatility

The most volatile month in 2014 was May, with a trading range of 1.3001 HNL (High: 16.5080 / Low: 15.2078). On the other end, July was the most stable month, with a tight range of 0.1292 HNL (High: 16.9125 / Low: 16.7833).

May Spread (Volatile) ±1.3001

July Spread (Stable) ±0.1292

Growth Streaks & Declines

Trends

Between April and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.3743 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.3743

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2014: 16.8566) against the same month in 2013 (average: 16.0053), the exchange rate shifted by +0.8513 (+5.32%).

2014 Avg (July) 16.8566

2013 Avg (July) 16.0053

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	16.0381	15.5839	15.7622
February	15.6769	15.4339	15.5886
March	15.4279	15.0927	15.2612
April	15.3541	15.1980	15.2604
May	16.5080	15.2078	15.3405
June	16.8049	16.4417	16.6525
July	16.9125	16.7833	16.8566
August	16.9108	16.7122	16.8244
September	16.8725	16.5686	16.6999
October	16.7256	16.5006	16.6569
November	16.6021	16.2614	16.3968
December	16.2379	15.8755	16.0224