2011 HNL to CVE Historical Review

YEARLY HIGH

4.5166 CVE

YEARLY LOW

3.9160 CVE

YEARLY AVERAGE

4.1936 CVE

2011 HNL to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the HNL to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on January 10, valuing the pair at 4.5166. Conversely, the yearly low was recorded on May 4, dropping to 3.9160.

This high-to-low spread represents a total annual volatility of 0.6006 CVE. From a start-to-finish perspective, comparing the January average rate of 4.3617 to the December average rate of 4.4175, the exchange rate registered a net change of 1.28% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 4.5166 was down 7.45% compared to the 2010 peak of 4.8801, 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 22,583 CVE

2010 Average 22,011 CVE

Yearly Trough Low 19,580 CVE

Transaction Impact: A difference of 3,003.09 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

4.4558

3.9962

JanuMarcMayJulySeptNove

HNL to CVE 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 4.1581, compared to 4.2290 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0709 points.

H1 Avg (Jan–Jun) 4.1581

H2 Avg (Jul–Dec) 4.2290

Volatility Range Comparison

Volatility

The most volatile month in 2011 was October, with a trading range of 0.3198 CVE (High: 4.4226 / Low: 4.1028). On the other end, August was the most stable month, with a tight range of 0.1108 CVE (High: 4.1494 / Low: 4.0386).

October Spread (Volatile) ±0.3198

August Spread (Stable) ±0.1108

Growth Streaks & Declines

Trends

Between June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.1316 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.1316

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 4.3617) against the same month in 2010 (average: 4.0860), the exchange rate shifted by +0.2757 (+6.75%).

2011 Avg (January) 4.3617

2010 Avg (January) 4.0860

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	4.5166	4.2489	4.3617
February	4.3362	4.2157	4.2719
March	4.2313	4.0974	4.1661
April	4.1237	3.9241	4.0345
May	4.1594	3.9160	4.0607
June	4.1367	3.9801	4.0536
July	4.1725	4.0219	4.0854
August	4.1494	4.0386	4.0897
September	4.3459	4.0949	4.2394
October	4.4226	4.1028	4.2462
November	4.4126	4.2108	4.2959
December	4.4998	4.3099	4.4175