2015 HNL to BWP Historical Review

YEARLY HIGH

0.5171 BWP

YEARLY LOW

0.4408 BWP

YEARLY AVERAGE

0.4668 BWP

2015 HNL to BWP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the HNL to BWP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 11, valuing the pair at 0.5171. Conversely, the yearly low was recorded on May 16, dropping to 0.4408.

This high-to-low spread represents a total annual volatility of 0.0763 BWP. From a start-to-finish perspective, comparing the January average rate of 0.4551 to the December average rate of 0.5042, the exchange rate registered a net change of 10.78% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 0.5171 was up 11.38% compared to the 2014 peak of 0.4643, 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 2,586 BWP

2014 Average 2,201 BWP

Yearly Trough Low 2,204 BWP

Transaction Impact: A difference of 381.65 BWP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

0.5100

0.4408

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 0.4556, compared to 0.4781 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0224 points.

H1 Avg (Jan–Jun) 0.4556

H2 Avg (Jul–Dec) 0.4781

Volatility Range Comparison

Volatility

The most volatile month in 2015 was December, with a trading range of 0.0314 BWP (High: 0.5171 / Low: 0.4857). On the other end, January was the most stable month, with a tight range of 0.0066 BWP (High: 0.4584 / Low: 0.4517).

December Spread (Volatile) ±0.0314

January Spread (Stable) ±0.0066

Growth Streaks & Declines

Trends

Between May and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0125 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0125

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2015: 0.5042) against the same month in 2014 (average: 0.4484), the exchange rate shifted by +0.0558 (+12.45%).

2015 Avg (December) 0.5042

2014 Avg (December) 0.4484

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4584	0.4517	0.4551
February	0.4591	0.4487	0.4546
March	0.4749	0.4548	0.4634
April	0.4675	0.4440	0.4590
May	0.4533	0.4408	0.4466
June	0.4604	0.4515	0.4551
July	0.4630	0.4542	0.4591
August	0.4723	0.4610	0.4649
September	0.4848	0.4690	0.4779
October	0.4833	0.4636	0.4736
November	0.4963	0.4787	0.4887
December	0.5171	0.4857	0.5042