2011 DJF to HNL Historical Review

YEARLY HIGH

0.1068 HNL

YEARLY LOW

0.1050 HNL

YEARLY AVERAGE

0.1064 HNL

2011 DJF to HNL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the DJF to HNL exchange rate experienced significant fluctuation. The market reached its absolute peak on October 28, valuing the pair at 0.1068. Conversely, the yearly low was recorded on August 15, dropping to 0.1050.

This high-to-low spread represents a total annual volatility of 0.0018 HNL. From a start-to-finish perspective, comparing the January average rate of 0.1065 to the December average rate of 0.1064, the exchange rate registered a net change of -0.05% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.1068 was up 0.30% compared to the 2010 peak of 0.1065, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 534 HNL

2010 Average 532 HNL

Yearly Trough Low 525 HNL

Transaction Impact: A difference of 8.85 HNL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.1067

0.1058

JanuMarcMayJulySeptNove

DJF 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 0.1064, compared to 0.1063 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.1064

H2 Avg (Jul–Dec) 0.1063

Volatility Range Comparison

Volatility

The most volatile month in 2011 was August, with a trading range of 0.0013 HNL (High: 0.1063 / Low: 0.1050). On the other end, January was the most stable month, with a tight range of 0.0000 HNL (High: 0.1065 / Low: 0.1065).

August Spread (Volatile) ±0.0013

January Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

Between August and November, 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 July and August, when the average rate fell by 0.0005 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0005

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2011: 0.1066) against the same month in 2010 (average: 0.1065), the exchange rate shifted by +0.0001 (+0.09%).

2011 Avg (October) 0.1066

2010 Avg (October) 0.1065

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1065	0.1065	0.1065
February	0.1065	0.1064	0.1064
March	0.1065	0.1063	0.1064
April	0.1065	0.1064	0.1064
May	0.1065	0.1064	0.1064
June	0.1065	0.1063	0.1064
July	0.1065	0.1061	0.1064
August	0.1063	0.1050	0.1059
September	0.1064	0.1059	0.1062
October	0.1068	0.1064	0.1066
November	0.1068	0.1060	0.1066
December	0.1066	0.1060	0.1064