2023 BTN to HNL Historical Review

YEARLY HIGH

0.3040 HNL

YEARLY LOW

0.2939 HNL

YEARLY AVERAGE

0.2988 HNL

2023 BTN to HNL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BTN to HNL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 20, valuing the pair at 0.3040. Conversely, the yearly low was recorded on November 4, dropping to 0.2939.

This high-to-low spread represents a total annual volatility of 0.0101 HNL. From a start-to-finish perspective, comparing the January average rate of 0.3015 to the December average rate of 0.2966, the exchange rate registered a net change of -1.61% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3040 was down 8.52% compared to the 2022 peak of 0.3323, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,520 HNL

2022 Average 1,567 HNL

Yearly Trough Low 1,470 HNL

Transaction Impact: A difference of 50.36 HNL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3020

0.2961

JanuMarcMayJulySeptNove

BTN 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 0.2999, compared to 0.2977 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0022 points.

H1 Avg (Jan–Jun) 0.2999

H2 Avg (Jul–Dec) 0.2977

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0064 HNL (High: 0.3040 / Low: 0.2976). On the other end, December was the most stable month, with a tight range of 0.0022 HNL (High: 0.2978 / Low: 0.2956).

January Spread (Volatile) ±0.0064

December Spread (Stable) ±0.0022

Growth Streaks & Declines

Trends

Between February and April, 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 January and February, when the average rate fell by 0.0030 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0030

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.3015) against the same month in 2022 (average: 0.3295), the exchange rate shifted by -0.0280 (-8.50%).

2023 Avg (January) 0.3015

2022 Avg (January) 0.3295

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3040	0.2976	0.3015
February	0.3013	0.2949	0.2985
March	0.3026	0.2979	0.2996
April	0.3014	0.2986	0.3002
May	0.3018	0.2971	0.2993
June	0.3022	0.2974	0.3003
July	0.3020	0.2975	0.3000
August	0.3013	0.2953	0.2973
September	0.3007	0.2964	0.2984
October	0.2993	0.2962	0.2971
November	0.2973	0.2939	0.2966
December	0.2978	0.2956	0.2966