2023 BND to HNL Historical Review

YEARLY HIGH

18.8532 HNL

YEARLY LOW

17.9540 HNL

YEARLY AVERAGE

18.3722 HNL

2023 BND to HNL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BND to HNL exchange rate experienced significant fluctuation. The market reached its absolute peak on February 2, valuing the pair at 18.8532. Conversely, the yearly low was recorded on October 21, dropping to 17.9540.

This high-to-low spread represents a total annual volatility of 0.8992 HNL. From a start-to-finish perspective, comparing the January average rate of 18.5896 to the December average rate of 18.5495, the exchange rate registered a net change of -0.22% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 18.8532 was up 1.37% compared to the 2022 peak of 18.5982, 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 94,266 HNL

2022 Average 89,258 HNL

Yearly Trough Low 89,770 HNL

Transaction Impact: A difference of 4,495.84 HNL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

18.6438

17.9928

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 18.4503, compared to 18.2941 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1562 points.

H1 Avg (Jan–Jun) 18.4503

H2 Avg (Jul–Dec) 18.2941

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.6321 HNL (High: 18.8532 / Low: 18.2210). On the other end, April was the most stable month, with a tight range of 0.1835 HNL (High: 18.5771 / Low: 18.3936).

February Spread (Volatile) ±0.6321

April Spread (Stable) ±0.1835

Growth Streaks & Declines

Trends

Between October and December, 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 July and August, when the average rate fell by 0.2258 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.2258

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 18.5105) against the same month in 2022 (average: 18.2628), the exchange rate shifted by +0.2477 (+1.36%).

2023 Avg (February) 18.5105

2022 Avg (February) 18.2628

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	18.8028	18.2853	18.5896
February	18.8532	18.2210	18.5105
March	18.5915	18.2024	18.3853
April	18.5771	18.3936	18.4827
May	18.6190	18.1651	18.3950
June	18.5109	18.1904	18.3385
July	18.6796	18.0741	18.4552
August	18.4598	18.1140	18.2293
September	18.3334	18.0381	18.1837
October	18.1744	17.9540	18.0470
November	18.5848	18.0065	18.2998
December	18.7012	18.3960	18.5495