2011 HNL to DJF Historical Review

YEARLY HIGH

9.5217 DJF

YEARLY LOW

9.3639 DJF

YEARLY AVERAGE

9.4000 DJF

2011 HNL to DJF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the HNL to DJF exchange rate experienced significant fluctuation. The market reached its absolute peak on August 15, valuing the pair at 9.5217. Conversely, the yearly low was recorded on October 30, dropping to 9.3639.

This high-to-low spread represents a total annual volatility of 0.1578 DJF. From a start-to-finish perspective, comparing the January average rate of 9.3933 to the December average rate of 9.3984, the exchange rate registered a net change of 0.05% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 9.5217 was up 1.37% compared to the 2010 peak of 9.3933, 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 47,608 DJF

2010 Average 46,966 DJF

Yearly Trough Low 46,819 DJF

Transaction Impact: A difference of 789.05 DJF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

9.4530

9.3762

JanuMarcMayJulySeptNove

HNL to DJF 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 9.3955, compared to 9.4045 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0090 points.

H1 Avg (Jan–Jun) 9.3955

H2 Avg (Jul–Dec) 9.4045

Volatility Range Comparison

Volatility

The most volatile month in 2011 was August, with a trading range of 0.1123 DJF (High: 9.5217 / Low: 9.4094). On the other end, January was the most stable month, with a tight range of 0.0000 DJF (High: 9.3933 / Low: 9.3933).

August Spread (Volatile) ±0.1123

January Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

Between May and August, 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 August and September, when the average rate fell by 0.0322 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0322

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2011: 9.4466) against the same month in 2010 (average: 9.3933), the exchange rate shifted by +0.0533 (+0.57%).

2011 Avg (August) 9.4466

2010 Avg (August) 9.3933

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	9.3933	9.3933	9.3933
February	9.4019	9.3933	9.3950
March	9.4117	9.3854	9.3972
April	9.4008	9.3933	9.3964
May	9.4001	9.3933	9.3948
June	9.4031	9.3933	9.3961
July	9.4283	9.3887	9.4005
August	9.5217	9.4094	9.4466
September	9.4468	9.3986	9.4143
October	9.4014	9.3639	9.3846
November	9.4309	9.3649	9.3826
December	9.4335	9.3840	9.3984