2011 HNL to AZN Historical Review

YEARLY HIGH

0.0421 AZN

YEARLY LOW

0.0414 AZN

YEARLY AVERAGE

0.0417 AZN

2011 HNL to AZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the HNL to AZN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 4, valuing the pair at 0.0421. Conversely, the yearly low was recorded on December 28, dropping to 0.0414.

This high-to-low spread represents a total annual volatility of 0.0008 AZN. From a start-to-finish perspective, comparing the January average rate of 0.0421 to the December average rate of 0.0415, the exchange rate registered a net change of -1.56% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.0421 was down 8.88% compared to the 2010 peak of 0.0463, 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 211 AZN

2010 Average 213 AZN

Yearly Trough Low 207 AZN

Transaction Impact: A difference of 3.94 AZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.0422

0.0414

JanuMarcMayJulySeptNove

HNL to AZN 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 0.0419, compared to 0.0416 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.0419

H2 Avg (Jul–Dec) 0.0416

Volatility Range Comparison

Volatility

The most volatile month in 2011 was August, with a trading range of 0.0005 AZN (High: 0.0421 / Low: 0.0416). On the other end, January was the most stable month, with a tight range of 0.0001 AZN (High: 0.0421 / Low: 0.0421).

August Spread (Volatile) ±0.0005

January Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2011. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0001 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 0.0421) against the same month in 2010 (average: 0.0424), the exchange rate shifted by -0.0003 (-0.64%).

2011 Avg (January) 0.0421

2010 Avg (January) 0.0424

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0421	0.0421	0.0421
February	0.0421	0.0420	0.0420
March	0.0420	0.0419	0.0419
April	0.0419	0.0418	0.0418
May	0.0418	0.0417	0.0418
June	0.0417	0.0416	0.0416
July	0.0418	0.0415	0.0416
August	0.0421	0.0416	0.0418
September	0.0418	0.0416	0.0416
October	0.0416	0.0414	0.0415
November	0.0416	0.0414	0.0415
December	0.0416	0.0414	0.0415