2018 HNL to AFN Historical Review

YEARLY HIGH

3.3187 AFN

YEARLY LOW

2.6559 AFN

YEARLY AVERAGE

3.0270 AFN

2018 HNL to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the HNL to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 5, valuing the pair at 3.3187. Conversely, the yearly low was recorded on November 18, dropping to 2.6559.

This high-to-low spread represents a total annual volatility of 0.6628 AFN. From a start-to-finish perspective, comparing the January average rate of 2.9535 to the December average rate of 3.1162, the exchange rate registered a net change of 5.51% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 3.3187 was up 12.18% compared to the 2017 peak of 2.9585, 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 16,594 AFN

2017 Average 14,475 AFN

Yearly Trough Low 13,280 AFN

Transaction Impact: A difference of 3,314.08 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

3.1659

2.9180

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 2.9621, compared to 3.0918 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1297 points.

H1 Avg (Jan–Jun) 2.9621

H2 Avg (Jul–Dec) 3.0918

Volatility Range Comparison

Volatility

The most volatile month in 2018 was November, with a trading range of 0.4908 AFN (High: 3.1467 / Low: 2.6559). On the other end, March was the most stable month, with a tight range of 0.0174 AFN (High: 2.9478 / Low: 2.9304).

November Spread (Volatile) ±0.4908

March Spread (Stable) ±0.0174

Growth Streaks & Declines

Trends

Between February and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0418 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0418

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2018: 3.1162) against the same month in 2017 (average: 2.9289), the exchange rate shifted by +0.1873 (+6.39%).

2018 Avg (December) 3.1162

2017 Avg (December) 2.9289

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.9946	2.9347	2.9535
February	2.9577	2.9229	2.9387
March	2.9478	2.9304	2.9396
April	2.9736	2.9257	2.9565
May	3.0110	2.9717	2.9898
June	3.0508	2.9742	2.9947
July	3.0748	2.9770	3.0388
August	3.0657	3.0047	3.0293
September	3.1651	3.0597	3.1180
October	3.1621	3.1147	3.1452
November	3.1467	2.6559	3.1034
December	3.3187	3.0596	3.1162