2018 HNL to ALL Historical Review

YEARLY HIGH

4.7817 ALL

YEARLY LOW

4.3970 ALL

YEARLY AVERAGE

4.5193 ALL

2018 HNL to ALL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the HNL to ALL exchange rate experienced significant fluctuation. The market reached its absolute peak on December 5, valuing the pair at 4.7817. Conversely, the yearly low was recorded on December 20, dropping to 4.3970.

This high-to-low spread represents a total annual volatility of 0.3847 ALL. From a start-to-finish perspective, comparing the January average rate of 4.6329 to the December average rate of 4.4736, the exchange rate registered a net change of -3.44% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2018 high of 4.7817 was down 15.75% compared to the 2017 peak of 5.6759, 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 23,909 ALL

2017 Average 25,350 ALL

Yearly Trough Low 21,985 ALL

Transaction Impact: A difference of 1,923.73 ALL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

4.6510

4.4333

JanuMarcMayJulySeptNove

HNL to ALL 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 4.5279, compared to 4.5108 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0171 points.

H1 Avg (Jan–Jun) 4.5279

H2 Avg (Jul–Dec) 4.5108

Volatility Range Comparison

Volatility

The most volatile month in 2018 was December, with a trading range of 0.3847 ALL (High: 4.7817 / Low: 4.3970). On the other end, July was the most stable month, with a tight range of 0.0609 ALL (High: 4.5240 / Low: 4.4632).

December Spread (Volatile) ±0.3847

July Spread (Stable) ±0.0609

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2018. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0782 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0782

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2018: 4.4736) against the same month in 2017 (average: 4.7623), the exchange rate shifted by -0.2887 (-6.06%).

2018 Avg (December) 4.4736

2017 Avg (December) 4.7623

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	4.7272	4.5411	4.6329
February	4.6323	4.4857	4.5546
March	4.5762	4.4386	4.5025
April	4.4985	4.4065	4.4515
May	4.5795	4.4721	4.5173
June	4.5529	4.3990	4.5084
July	4.5240	4.4632	4.4957
August	4.6111	4.4832	4.5370
September	4.5532	4.4566	4.5150
October	4.5745	4.4936	4.5265
November	4.5784	4.4720	4.5167
December	4.7817	4.3970	4.4736