2023 HNL to CAD Historical Review

YEARLY HIGH

0.0566 CAD

YEARLY LOW

0.0531 CAD

YEARLY AVERAGE

0.0547 CAD

2023 HNL to CAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HNL to CAD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 0.0566. Conversely, the yearly low was recorded on July 13, dropping to 0.0531.

This high-to-low spread represents a total annual volatility of 0.0035 CAD. From a start-to-finish perspective, comparing the January average rate of 0.0544 to the December average rate of 0.0543, the exchange rate registered a net change of -0.26% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0566 was up 1.04% compared to the 2022 peak of 0.0560, 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 283 CAD

2022 Average 265 CAD

Yearly Trough Low 265 CAD

Transaction Impact: A difference of 17.67 CAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0558

0.0535

JanuMarcMayJulySeptNove

HNL to CAD 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 0.0547, compared to 0.0548 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.0547

H2 Avg (Jul–Dec) 0.0548

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.0018 CAD (High: 0.0551 / Low: 0.0533). On the other end, September was the most stable month, with a tight range of 0.0010 CAD (High: 0.0553 / Low: 0.0543).

December Spread (Volatile) ±0.0018

September Spread (Stable) ±0.0010

Growth Streaks & Declines

Trends

Between January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0013 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0013

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.0556) against the same month in 2022 (average: 0.0516), the exchange rate shifted by +0.0040 (+7.76%).

2023 Avg (March) 0.0556

2022 Avg (March) 0.0516

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0554	0.0539	0.0544
February	0.0554	0.0538	0.0546
March	0.0566	0.0549	0.0556
April	0.0557	0.0542	0.0550
May	0.0558	0.0542	0.0549
June	0.0547	0.0532	0.0538
July	0.0544	0.0531	0.0537
August	0.0553	0.0539	0.0548
September	0.0553	0.0543	0.0547
October	0.0563	0.0549	0.0555
November	0.0561	0.0548	0.0556
December	0.0551	0.0533	0.0543