2011 HNL to GHS Historical Review

YEARLY HIGH

0.0880 GHS

YEARLY LOW

0.0726 GHS

YEARLY AVERAGE

0.0817 GHS

2011 HNL to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the HNL to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on November 30, valuing the pair at 0.0880. Conversely, the yearly low was recorded on February 20, dropping to 0.0726.

This high-to-low spread represents a total annual volatility of 0.0154 GHS. From a start-to-finish perspective, comparing the January average rate of 0.0795 to the December average rate of 0.0865, the exchange rate registered a net change of 8.88% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.0880 was up 11.89% compared to the 2010 peak of 0.0787, 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 440 GHS

2010 Average 379 GHS

Yearly Trough Low 363 GHS

Transaction Impact: A difference of 76.93 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.0872

0.0788

JanuMarcMayJulySeptNove

HNL to GHS 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 0.0799, compared to 0.0835 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0036 points.

H1 Avg (Jan–Jun) 0.0799

H2 Avg (Jul–Dec) 0.0835

Volatility Range Comparison

Volatility

The most volatile month in 2011 was February, with a trading range of 0.0106 GHS (High: 0.0833 / Low: 0.0726). On the other end, May was the most stable month, with a tight range of 0.0010 GHS (High: 0.0803 / Low: 0.0793).

February Spread (Volatile) ±0.0106

May Spread (Stable) ±0.0010

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0009 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0009

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2011: 0.0855) against the same month in 2010 (average: 0.0762), the exchange rate shifted by +0.0094 (+12.28%).

2011 Avg (November) 0.0855

2010 Avg (November) 0.0762

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0828	0.0781	0.0795
February	0.0833	0.0726	0.0797
March	0.0812	0.0798	0.0806
April	0.0803	0.0792	0.0797
May	0.0803	0.0793	0.0798
June	0.0806	0.0795	0.0801
July	0.0805	0.0795	0.0801
August	0.0819	0.0802	0.0811
September	0.0845	0.0811	0.0825
October	0.0863	0.0840	0.0851
November	0.0880	0.0841	0.0855
December	0.0871	0.0857	0.0865