2011 HNL to AFN Historical Review

YEARLY HIGH

2.5583 AFN

YEARLY LOW

2.2708 AFN

YEARLY AVERAGE

2.3405 AFN

2011 HNL to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the HNL to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on November 27, valuing the pair at 2.5583. Conversely, the yearly low was recorded on March 22, dropping to 2.2708.

This high-to-low spread represents a total annual volatility of 0.2874 AFN. From a start-to-finish perspective, comparing the January average rate of 2.2740 to the December average rate of 2.4504, the exchange rate registered a net change of 7.76% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 2.5583 was down 1.44% compared to the 2010 peak of 2.5955, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 12,791 AFN

2010 Average 11,957 AFN

Yearly Trough Low 11,354 AFN

Transaction Impact: A difference of 1,437.22 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

2.5791

2.2463

JanuMarcMayJulySeptNove

HNL to AFN 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 2.2747, compared to 2.4063 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1316 points.

H1 Avg (Jan–Jun) 2.2747

H2 Avg (Jul–Dec) 2.4063

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.2840 AFN (High: 2.5569 / Low: 2.2729). On the other end, January was the most stable month, with a tight range of 0.0010 AFN (High: 2.2746 / Low: 2.2736).

September Spread (Volatile) ±0.2840

January Spread (Stable) ±0.0010

Growth Streaks & Declines

Trends

Between May and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0908 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0908

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2011: 2.5412) against the same month in 2010 (average: 2.2739), the exchange rate shifted by +0.2672 (+11.75%).

2011 Avg (November) 2.5412

2010 Avg (November) 2.2739

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2746	2.2736	2.2740
February	2.2761	2.2734	2.2744
March	2.2815	2.2708	2.2756
April	2.2764	2.2727	2.2746
May	2.2760	2.2721	2.2743
June	2.2918	2.2719	2.2754
July	2.2838	2.2727	2.2758
August	2.3035	2.2745	2.2858
September	2.5569	2.2729	2.3335
October	2.5565	2.5443	2.5514
November	2.5583	2.4094	2.5412
December	2.5555	2.4005	2.4504