2014 HNL to AFN Historical Review

YEARLY HIGH

2.9891 AFN

YEARLY LOW

2.6640 AFN

YEARLY AVERAGE

2.7965 AFN

2014 HNL to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the HNL to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on May 28, valuing the pair at 2.9891. Conversely, the yearly low was recorded on September 4, dropping to 2.6640.

This high-to-low spread represents a total annual volatility of 0.3251 AFN. From a start-to-finish perspective, comparing the January average rate of 2.8052 to the December average rate of 2.7499, the exchange rate registered a net change of -1.97% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 2.9891 was up 5.00% compared to the 2013 peak of 2.8467, 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 14,946 AFN

2013 Average 13,632 AFN

Yearly Trough Low 13,320 AFN

Transaction Impact: A difference of 1,625.52 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

2.9949

2.6517

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 2.8846, compared to 2.7085 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1762 points.

H1 Avg (Jan–Jun) 2.8846

H2 Avg (Jul–Dec) 2.7085

Volatility Range Comparison

Volatility

The most volatile month in 2014 was May, with a trading range of 0.2328 AFN (High: 2.9891 / Low: 2.7564). On the other end, November was the most stable month, with a tight range of 0.0437 AFN (High: 2.7387 / Low: 2.6949).

May Spread (Volatile) ±0.2328

November Spread (Stable) ±0.0437

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.2045 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.2045

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2014: 2.9610) against the same month in 2013 (average: 2.7744), the exchange rate shifted by +0.1866 (+6.73%).

2014 Avg (May) 2.9610

2013 Avg (May) 2.7744

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.8746	2.7642	2.8052
February	2.9108	2.8321	2.8733
March	2.9719	2.9117	2.9456
April	2.9865	2.9310	2.9663
May	2.9891	2.7564	2.9610
June	2.7905	2.7337	2.7565
July	2.7545	2.6711	2.7146
August	2.7187	2.6642	2.6803
September	2.7090	2.6640	2.6900
October	2.7201	2.6743	2.6983
November	2.7387	2.6949	2.7176
December	2.7766	2.7271	2.7499