2017 HNL to ETB Historical Review

YEARLY HIGH

1.1647 ETB

YEARLY LOW

0.9486 ETB

YEARLY AVERAGE

1.0208 ETB

2017 HNL to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the HNL to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 18, valuing the pair at 1.1647. Conversely, the yearly low was recorded on February 7, dropping to 0.9486.

This high-to-low spread represents a total annual volatility of 0.2161 ETB. From a start-to-finish perspective, comparing the January average rate of 0.9665 to the December average rate of 1.1574, the exchange rate registered a net change of 19.76% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2017 high of 1.1647 was up 19.12% compared to the 2016 peak of 0.9777, 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 5,823 ETB

2016 Average 4,796 ETB

Yearly Trough Low 4,743 ETB

Transaction Impact: A difference of 1,080.32 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

1.1769

0.9433

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 0.9731, compared to 1.0684 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0953 points.

H1 Avg (Jan–Jun) 0.9731

H2 Avg (Jul–Dec) 1.0684

Volatility Range Comparison

Volatility

The most volatile month in 2017 was October, with a trading range of 0.1595 ETB (High: 1.1633 / Low: 1.0038). On the other end, May was the most stable month, with a tight range of 0.0125 ETB (High: 0.9879 / Low: 0.9754).

October Spread (Volatile) ±0.1595

May Spread (Stable) ±0.0125

Growth Streaks & Declines

Trends

Between February and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 10 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0037 points.

Longest Streak 10 Mo.

Sharpest MoM Drop -0.0037

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2017: 1.1574) against the same month in 2016 (average: 0.9601), the exchange rate shifted by +0.1973 (+20.55%).

2017 Avg (December) 1.1574

2016 Avg (December) 0.9601

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9949	0.9526	0.9665
February	0.9713	0.9486	0.9628
March	0.9774	0.9615	0.9676
April	0.9811	0.9683	0.9751
May	0.9879	0.9754	0.9807
June	0.9948	0.9791	0.9859
July	1.0026	0.9885	0.9927
August	1.0073	0.9919	0.9995
September	1.0125	0.9952	1.0032
October	1.1633	1.0038	1.1010
November	1.1636	1.1475	1.1566
December	1.1647	1.1481	1.1574