2014 HNL to BIF Historical Review

YEARLY HIGH

81.4903 BIF

YEARLY LOW

72.4303 BIF

YEARLY AVERAGE

76.1700 BIF

2014 HNL to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the HNL to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on May 1, valuing the pair at 81.4903. Conversely, the yearly low was recorded on October 5, dropping to 72.4303.

This high-to-low spread represents a total annual volatility of 9.0600 BIF. From a start-to-finish perspective, comparing the January average rate of 77.2236 to the December average rate of 74.2012, the exchange rate registered a net change of -3.91% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 81.4903 was down 1.90% compared to the 2013 peak of 83.0715, 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 407,451 BIF

2013 Average 385,964 BIF

Yearly Trough Low 362,152 BIF

Transaction Impact: A difference of 45,299.94 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

81.6173

72.6507

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 78.6280, compared to 73.7121 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 4.9159 points.

H1 Avg (Jan–Jun) 78.6280

H2 Avg (Jul–Dec) 73.7121

Volatility Range Comparison

Volatility

The most volatile month in 2014 was May, with a trading range of 6.4100 BIF (High: 81.4903 / Low: 75.0803). On the other end, September was the most stable month, with a tight range of 0.7621 BIF (High: 73.7759 / Low: 73.0138).

May Spread (Volatile) ±6.4100

September Spread (Stable) ±0.7621

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 6.3486 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -6.3486

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2014: 80.5864) against the same month in 2013 (average: 81.1835), the exchange rate shifted by -0.5972 (-0.74%).

2014 Avg (May) 80.5864

2013 Avg (May) 81.1835

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	77.9076	76.2476	77.2236
February	79.5759	77.7385	78.5565
March	80.9470	79.3188	80.2936
April	81.3128	80.3650	80.8701
May	81.4903	75.0803	80.5864
June	75.1596	73.5809	74.2377
July	74.2080	73.2792	73.9148
August	74.2852	72.8983	73.7690
September	73.7759	73.0138	73.3980
October	73.9410	72.4303	73.4272
November	73.8830	73.0745	73.5621
December	74.7332	73.4515	74.2012