2014 HNL to ETB Historical Review

YEARLY HIGH

1.0248 ETB

YEARLY LOW

0.9348 ETB

YEARLY AVERAGE

0.9646 ETB

2014 HNL to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the HNL to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on May 1, valuing the pair at 1.0248. Conversely, the yearly low was recorded on June 30, dropping to 0.9348.

This high-to-low spread represents a total annual volatility of 0.0900 ETB. From a start-to-finish perspective, comparing the January average rate of 0.9556 to the December average rate of 0.9566, the exchange rate registered a net change of 0.11% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.0248 was up 3.99% compared to the 2013 peak of 0.9855, 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 5,124 ETB

2013 Average 4,660 ETB

Yearly Trough Low 4,674 ETB

Transaction Impact: A difference of 449.78 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.0241

0.9327

JanuMarcMayJulySeptNove

HNL to ETB 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 0.9834, compared to 0.9458 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0376 points.

H1 Avg (Jan–Jun) 0.9834

H2 Avg (Jul–Dec) 0.9458

Volatility Range Comparison

Volatility

The most volatile month in 2014 was May, with a trading range of 0.0796 ETB (High: 1.0248 / Low: 0.9452). On the other end, September was the most stable month, with a tight range of 0.0036 ETB (High: 0.9468 / Low: 0.9432).

May Spread (Volatile) ±0.0796

September Spread (Stable) ±0.0036

Growth Streaks & Declines

Trends

Between January and May, 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 May and June, when the average rate fell by 0.0762 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0762

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2014: 1.0165) against the same month in 2013 (average: 0.9630), the exchange rate shifted by +0.0535 (+5.56%).

2014 Avg (May) 1.0165

2013 Avg (May) 0.9630

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9643	0.9424	0.9556
February	0.9876	0.9574	0.9747
March	1.0081	0.9878	0.9980
April	1.0230	1.0084	1.0156
May	1.0248	0.9452	1.0165
June	0.9470	0.9348	0.9403
July	0.9453	0.9354	0.9414
August	0.9474	0.9420	0.9439
September	0.9468	0.9432	0.9447
October	0.9492	0.9379	0.9426
November	0.9496	0.9421	0.9457
December	0.9619	0.9490	0.9566