2014 HNL to BWP Historical Review

YEARLY HIGH

0.4643 BWP

YEARLY LOW

0.4190 BWP

YEARLY AVERAGE

0.4402 BWP

2014 HNL to BWP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the HNL to BWP exchange rate experienced significant fluctuation. The market reached its absolute peak on March 20, valuing the pair at 0.4643. Conversely, the yearly low was recorded on August 16, dropping to 0.4190.

This high-to-low spread represents a total annual volatility of 0.0453 BWP. From a start-to-finish perspective, comparing the January average rate of 0.4452 to the December average rate of 0.4484, the exchange rate registered a net change of 0.71% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.4643 was up 4.51% compared to the 2013 peak of 0.4442, 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 2,321 BWP

2013 Average 2,090 BWP

Yearly Trough Low 2,095 BWP

Transaction Impact: A difference of 226.37 BWP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.4613

0.4182

JanuMarcMayJulySeptNove

HNL to BWP 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 0.4488, compared to 0.4317 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) 0.4488

H2 Avg (Jul–Dec) 0.4317

Volatility Range Comparison

Volatility

The most volatile month in 2014 was May, with a trading range of 0.0369 BWP (High: 0.4584 / Low: 0.4215). On the other end, July was the most stable month, with a tight range of 0.0048 BWP (High: 0.4243 / Low: 0.4195).

May Spread (Volatile) ±0.0369

July Spread (Stable) ±0.0048

Growth Streaks & Declines

Trends

Between July and December, 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 May and June, when the average rate fell by 0.0292 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0292

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2014: 0.4577) against the same month in 2013 (average: 0.4157), the exchange rate shifted by +0.0420 (+10.10%).

2014 Avg (March) 0.4577

2013 Avg (March) 0.4157

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4587	0.4297	0.4452
February	0.4584	0.4511	0.4550
March	0.4643	0.4520	0.4577
April	0.4604	0.4531	0.4576
May	0.4584	0.4215	0.4533
June	0.4298	0.4192	0.4241
July	0.4243	0.4195	0.4218
August	0.4260	0.4190	0.4225
September	0.4381	0.4220	0.4309
October	0.4399	0.4273	0.4319
November	0.4384	0.4287	0.4346
December	0.4542	0.4351	0.4484