2015 HNL to AFN Historical Review

YEARLY HIGH

3.1333 AFN

YEARLY LOW

2.6355 AFN

YEARLY AVERAGE

2.8211 AFN

2015 HNL to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the HNL to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 3.1333. Conversely, the yearly low was recorded on April 26, dropping to 2.6355.

This high-to-low spread represents a total annual volatility of 0.4978 AFN. From a start-to-finish perspective, comparing the January average rate of 2.7403 to the December average rate of 3.0857, the exchange rate registered a net change of 12.61% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 3.1333 was up 4.82% compared to the 2014 peak of 2.9891, 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 15,666 AFN

2014 Average 13,980 AFN

Yearly Trough Low 13,177 AFN

Transaction Impact: A difference of 2,489.13 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

3.1262

2.6398

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 2.7057, compared to 2.9365 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2308 points.

H1 Avg (Jan–Jun) 2.7057

H2 Avg (Jul–Dec) 2.9365

Volatility Range Comparison

Volatility

The most volatile month in 2015 was August, with a trading range of 0.1878 AFN (High: 2.9784 / Low: 2.7907). On the other end, October was the most stable month, with a tight range of 0.0279 AFN (High: 2.9458 / Low: 2.9180).

August Spread (Volatile) ±0.1878

October Spread (Stable) ±0.0279

Growth Streaks & Declines

Trends

Between May and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0280 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0280

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2015: 3.0857) against the same month in 2014 (average: 2.7499), the exchange rate shifted by +0.3358 (+12.21%).

2015 Avg (December) 3.0857

2014 Avg (December) 2.7499

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.7723	2.7041	2.7403
February	2.7344	2.7043	2.7122
March	2.7454	2.6589	2.6952
April	2.7088	2.6355	2.6864
May	2.7267	2.6432	2.6803
June	2.7913	2.6906	2.7197
July	2.8065	2.7545	2.7788
August	2.9784	2.7907	2.8813
September	2.9517	2.8768	2.9174
October	2.9458	2.9180	2.9344
November	3.1099	2.9354	3.0214
December	3.1333	3.0354	3.0857