2011 GMD to HNL Historical Review

YEARLY HIGH

0.7165 HNL

YEARLY LOW

0.6271 HNL

YEARLY AVERAGE

0.6716 HNL

2011 GMD to HNL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the GMD to HNL exchange rate experienced significant fluctuation. The market reached its absolute peak on July 22, valuing the pair at 0.7165. Conversely, the yearly low was recorded on September 28, dropping to 0.6271.

This high-to-low spread represents a total annual volatility of 0.0893 HNL. From a start-to-finish perspective, comparing the January average rate of 0.6825 to the December average rate of 0.6547, the exchange rate registered a net change of -4.08% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.7165 was down 1.60% compared to the 2010 peak of 0.7281, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,582 HNL

2010 Average 3,431 HNL

Yearly Trough Low 3,136 HNL

Transaction Impact: A difference of 446.61 HNL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.6904

0.6449

JanuMarcMayJulySeptNove

GMD 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 0.6827, compared to 0.6606 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0221 points.

H1 Avg (Jan–Jun) 0.6827

H2 Avg (Jul–Dec) 0.6606

Volatility Range Comparison

Volatility

The most volatile month in 2011 was July, with a trading range of 0.0550 HNL (High: 0.7165 / Low: 0.6614). On the other end, November was the most stable month, with a tight range of 0.0214 HNL (High: 0.6572 / Low: 0.6358).

July Spread (Volatile) ±0.0550

November Spread (Stable) ±0.0214

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 August and September, when the average rate fell by 0.0276 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0276

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2011: 0.6825) against the same month in 2010 (average: 0.6547), the exchange rate shifted by +0.0278 (+4.25%).

2011 Avg (July) 0.6825

2010 Avg (July) 0.6547

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6972	0.6692	0.6825
February	0.6908	0.6688	0.6741
March	0.7078	0.6689	0.6842
April	0.7075	0.6732	0.6866
May	0.7000	0.6687	0.6827
June	0.7153	0.6605	0.6858
July	0.7165	0.6614	0.6825
August	0.6892	0.6535	0.6763
September	0.6796	0.6271	0.6487
October	0.6711	0.6275	0.6523
November	0.6572	0.6358	0.6488
December	0.6647	0.6407	0.6547