2016 HNL to AFN Historical Review

YEARLY HIGH

3.0760 AFN

YEARLY LOW

2.8157 AFN

YEARLY AVERAGE

2.9785 AFN

2016 HNL to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the HNL to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 21, valuing the pair at 3.0760. Conversely, the yearly low was recorded on December 31, dropping to 2.8157.

This high-to-low spread represents a total annual volatility of 0.2602 AFN. From a start-to-finish perspective, comparing the January average rate of 3.0578 to the December average rate of 2.8486, the exchange rate registered a net change of -6.84% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 3.0760 was down 1.83% compared to the 2015 peak of 3.1333, 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 15,380 AFN

2015 Average 14,109 AFN

Yearly Trough Low 14,079 AFN

Transaction Impact: A difference of 1,301.20 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

3.0787

2.8277

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 3.0424, compared to 2.9146 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1277 points.

H1 Avg (Jan–Jun) 3.0424

H2 Avg (Jul–Dec) 2.9146

Volatility Range Comparison

Volatility

The most volatile month in 2016 was August, with a trading range of 0.1446 AFN (High: 3.0115 / Low: 2.8669). On the other end, April was the most stable month, with a tight range of 0.0112 AFN (High: 3.0400 / Low: 3.0289).

August Spread (Volatile) ±0.1446

April Spread (Stable) ±0.0112

Growth Streaks & Declines

Trends

Between March and June, 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 0.0717 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0717

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2016: 3.0509) against the same month in 2015 (average: 2.7122), the exchange rate shifted by +0.3386 (+12.49%).

2016 Avg (February) 3.0509

2015 Avg (February) 2.7122

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	3.0735	3.0403	3.0578
February	3.0760	3.0203	3.0509
March	3.0397	3.0171	3.0295
April	3.0400	3.0289	3.0325
May	3.0477	3.0267	3.0386
June	3.0700	2.9994	3.0451
July	3.0319	2.9998	3.0158
August	3.0115	2.8669	2.9441
September	2.9583	2.8699	2.9181
October	2.9024	2.8618	2.8816
November	2.9056	2.8560	2.8797
December	2.8786	2.8157	2.8486