2011 HNL to BIF Historical Review

YEARLY HIGH

69.6832 BIF

YEARLY LOW

59.5839 BIF

YEARLY AVERAGE

63.9507 BIF

2011 HNL to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the HNL to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 13, valuing the pair at 69.6832. Conversely, the yearly low was recorded on January 2, dropping to 59.5839.

This high-to-low spread represents a total annual volatility of 10.0993 BIF. From a start-to-finish perspective, comparing the January average rate of 59.9848 to the December average rate of 67.9719, the exchange rate registered a net change of 13.32% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 69.6832 was up 13.58% compared to the 2010 peak of 61.3522, 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 348,416 BIF

2010 Average 300,318 BIF

Yearly Trough Low 297,920 BIF

Transaction Impact: A difference of 50,496.47 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

68.7706

59.1861

JanuMarcMayJulySeptNove

HNL to BIF 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 62.3451, compared to 65.5563 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.2112 points.

H1 Avg (Jan–Jun) 62.3451

H2 Avg (Jul–Dec) 65.5563

Volatility Range Comparison

Volatility

The most volatile month in 2011 was April, with a trading range of 5.1128 BIF (High: 65.1146 / Low: 60.0019). On the other end, February was the most stable month, with a tight range of 0.4173 BIF (High: 60.2621 / Low: 59.8448).

April Spread (Volatile) ±5.1128

February Spread (Stable) ±0.4173

Growth Streaks & Declines

Trends

Between March and August, 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 August and September, when the average rate fell by 0.1929 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.1929

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 67.9719) against the same month in 2010 (average: 59.9508), the exchange rate shifted by +8.0211 (+13.38%).

2011 Avg (December) 67.9719

2010 Avg (December) 59.9508

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	60.2368	59.5839	59.9848
February	60.2621	59.8448	60.1220
March	60.3942	59.7159	60.1009
April	65.1146	60.0019	64.2711
May	65.0275	64.4521	64.7633
June	65.1645	64.4788	64.8283
July	65.1661	64.5792	64.8953
August	65.6265	64.8030	65.2638
September	65.4426	64.8564	65.0710
October	65.1655	64.6786	64.9375
November	67.1092	64.7746	65.1983
December	69.6832	65.0421	67.9719