2014 ETB to HNL Historical Review

YEARLY HIGH

1.0697 HNL

YEARLY LOW

0.9758 HNL

YEARLY AVERAGE

1.0376 HNL

2014 ETB to HNL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the ETB to HNL exchange rate experienced significant fluctuation. The market reached its absolute peak on June 30, valuing the pair at 1.0697. Conversely, the yearly low was recorded on May 1, dropping to 0.9758.

This high-to-low spread represents a total annual volatility of 0.0939 HNL. From a start-to-finish perspective, comparing the January average rate of 1.0466 to the December average rate of 1.0454, the exchange rate registered a net change of -0.11% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.0697 was down 1.84% compared to the 2013 peak of 1.0898, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,349 HNL

2013 Average 5,367 HNL

Yearly Trough Low 4,879 HNL

Transaction Impact: A difference of 469.49 HNL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.0714

0.9762

JanuMarcMayJulySeptNove

ETB 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 1.0178, compared to 1.0573 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0395 points.

H1 Avg (Jan–Jun) 1.0178

H2 Avg (Jul–Dec) 1.0573

Volatility Range Comparison

Volatility

The most volatile month in 2014 was May, with a trading range of 0.0822 HNL (High: 1.0580 / Low: 0.9758). On the other end, September was the most stable month, with a tight range of 0.0041 HNL (High: 1.0603 / Low: 1.0562).

May Spread (Volatile) ±0.0822

September Spread (Stable) ±0.0041

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2014. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0241 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0241

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2014: 1.0635) against the same month in 2013 (average: 1.0842), the exchange rate shifted by -0.0207 (-1.91%).

2014 Avg (June) 1.0635

2013 Avg (June) 1.0842

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0611	1.0370	1.0466
February	1.0445	1.0125	1.0261
March	1.0123	0.9920	1.0020
April	0.9917	0.9775	0.9846
May	1.0580	0.9758	0.9841
June	1.0697	1.0560	1.0635
July	1.0691	1.0578	1.0623
August	1.0615	1.0555	1.0594
September	1.0603	1.0562	1.0586
October	1.0662	1.0535	1.0609
November	1.0614	1.0531	1.0574
December	1.0537	1.0396	1.0454