2014 HNL to BTN Historical Review

YEARLY HIGH

3.1955 BTN

YEARLY LOW

2.8362 BTN

YEARLY AVERAGE

2.9940 BTN

2014 HNL to BTN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the HNL to BTN exchange rate experienced significant fluctuation. The market reached its absolute peak on April 24, valuing the pair at 3.1955. Conversely, the yearly low was recorded on June 9, dropping to 2.8362.

This high-to-low spread represents a total annual volatility of 0.3593 BTN. From a start-to-finish perspective, comparing the January average rate of 3.0949 to the December average rate of 2.9760, the exchange rate registered a net change of -3.84% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 3.1955 was down 3.78% compared to the 2013 peak of 3.3208, 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 15,977 BTN

2013 Average 14,567 BTN

Yearly Trough Low 14,181 BTN

Transaction Impact: A difference of 1,796.53 BTN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

3.1831

2.8369

JanuMarcMayJulySeptNove

HNL to BTN 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 3.0851, compared to 2.9028 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1823 points.

H1 Avg (Jan–Jun) 3.0851

H2 Avg (Jul–Dec) 2.9028

Volatility Range Comparison

Volatility

The most volatile month in 2014 was May, with a trading range of 0.3091 BTN (High: 3.1622 / Low: 2.8531). On the other end, February was the most stable month, with a tight range of 0.0334 BTN (High: 3.1702 / Low: 3.1368).

May Spread (Volatile) ±0.3091

February Spread (Stable) ±0.0334

Growth Streaks & Declines

Trends

Between September and December, 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 0.2245 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.2245

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2014: 3.1504) against the same month in 2013 (average: 2.7989), the exchange rate shifted by +0.3516 (+12.56%).

2014 Avg (April) 3.1504

2013 Avg (April) 2.7989

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	3.1630	3.0518	3.0949
February	3.1702	3.1368	3.1519
March	3.1808	3.1117	3.1543
April	3.1955	3.1130	3.1504
May	3.1622	2.8531	3.0919
June	2.9008	2.8362	2.8674
July	2.8898	2.8495	2.8658
August	2.9324	2.8652	2.8969
September	2.9227	2.8524	2.8826
October	2.9252	2.8694	2.8905
November	2.9269	2.8809	2.9052
December	3.0271	2.9124	2.9760