2017 HNL to AFN Historical Review

YEARLY HIGH

2.9585 AFN

YEARLY LOW

2.8159 AFN

YEARLY AVERAGE

2.8946 AFN

2017 HNL to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the HNL to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 25, valuing the pair at 2.9585. Conversely, the yearly low was recorded on January 21, dropping to 2.8159.

This high-to-low spread represents a total annual volatility of 0.1425 AFN. From a start-to-finish perspective, comparing the January average rate of 2.8587 to the December average rate of 2.9289, the exchange rate registered a net change of 2.46% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2017 high of 2.9585 was down 3.82% compared to the 2016 peak of 3.0760, 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 14,792 AFN

2016 Average 14,891 AFN

Yearly Trough Low 14,080 AFN

Transaction Impact: A difference of 712.68 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

2.9417

2.8280

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 2.8696, compared to 2.9196 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0500 points.

H1 Avg (Jan–Jun) 2.8696

H2 Avg (Jul–Dec) 2.9196

Volatility Range Comparison

Volatility

The most volatile month in 2017 was January, with a trading range of 0.1121 AFN (High: 2.9281 / Low: 2.8159). On the other end, June was the most stable month, with a tight range of 0.0205 AFN (High: 2.9176 / Low: 2.8971).

January Spread (Volatile) ±0.1121

June Spread (Stable) ±0.0205

Growth Streaks & Declines

Trends

Between February and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0212 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0212

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2017: 2.9322) against the same month in 2016 (average: 2.9441), the exchange rate shifted by -0.0118 (-0.40%).

2017 Avg (August) 2.9322

2016 Avg (August) 2.9441

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.9281	2.8159	2.8587
February	2.8564	2.8246	2.8375
March	2.8751	2.8315	2.8391
April	2.8949	2.8349	2.8767
May	2.9176	2.8709	2.8989
June	2.9176	2.8971	2.9067
July	2.9522	2.8974	2.9165
August	2.9585	2.9112	2.9322
September	2.9370	2.9071	2.9258
October	2.9225	2.8851	2.9066
November	2.9254	2.8980	2.9076
December	2.9518	2.9089	2.9289