2012 HNL to AFN Historical Review

YEARLY HIGH

2.6904 AFN

YEARLY LOW

2.3981 AFN

YEARLY AVERAGE

2.5389 AFN

2012 HNL to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the HNL to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on November 15, valuing the pair at 2.6904. Conversely, the yearly low was recorded on January 8, dropping to 2.3981.

This high-to-low spread represents a total annual volatility of 0.2924 AFN. From a start-to-finish perspective, comparing the January average rate of 2.4223 to the December average rate of 2.5944, the exchange rate registered a net change of 7.11% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2012 high of 2.6904 was up 5.17% compared to the 2011 peak of 2.5583, 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 13,452 AFN

2011 Average 11,704 AFN

Yearly Trough Low 11,990 AFN

Transaction Impact: A difference of 1,461.93 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

2.6630

2.4004

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 2.5148, compared to 2.5630 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0482 points.

H1 Avg (Jan–Jun) 2.5148

H2 Avg (Jul–Dec) 2.5630

Volatility Range Comparison

Volatility

The most volatile month in 2012 was February, with a trading range of 0.1615 AFN (High: 2.5847 / Low: 2.4232). On the other end, June was the most stable month, with a tight range of 0.0075 AFN (High: 2.5369 / Low: 2.5294).

February Spread (Volatile) ±0.1615

June Spread (Stable) ±0.0075

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 0.0478 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0478

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2012: 2.6412) against the same month in 2011 (average: 2.5412), the exchange rate shifted by +0.1000 (+3.93%).

2012 Avg (November) 2.6412

2011 Avg (November) 2.5412

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.4311	2.3981	2.4223
February	2.5847	2.4232	2.5269
March	2.5917	2.5300	2.5369
April	2.5386	2.5305	2.5341
May	2.5400	2.5310	2.5349
June	2.5369	2.5294	2.5338
July	2.5415	2.4885	2.5332
August	2.5316	2.4705	2.4854
September	2.5868	2.4652	2.5119
October	2.6275	2.5855	2.6119
November	2.6904	2.6129	2.6412
December	2.6303	2.5633	2.5944