2014 HNL to GHS Historical Review

YEARLY HIGH

0.1842 GHS

YEARLY LOW

0.1154 GHS

YEARLY AVERAGE

0.1486 GHS

2014 HNL to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the HNL to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on August 19, valuing the pair at 0.1842. Conversely, the yearly low was recorded on January 2, dropping to 0.1154.

This high-to-low spread represents a total annual volatility of 0.0688 GHS. From a start-to-finish perspective, comparing the January average rate of 0.1189 to the December average rate of 0.1519, the exchange rate registered a net change of 27.80% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.1842 was up 57.66% compared to the 2013 peak of 0.1168, 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 921 GHS

2013 Average 514 GHS

Yearly Trough Low 577 GHS

Transaction Impact: A difference of 343.87 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.1787

0.1134

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 0.1375, compared to 0.1598 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0223 points.

H1 Avg (Jan–Jun) 0.1375

H2 Avg (Jul–Dec) 0.1598

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0263 GHS (High: 0.1804 / Low: 0.1541). On the other end, December was the most stable month, with a tight range of 0.0016 GHS (High: 0.1525 / Low: 0.1509).

September Spread (Volatile) ±0.0263

December Spread (Stable) ±0.0016

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 September and October, when the average rate fell by 0.0169 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0169

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2014: 0.1732) against the same month in 2013 (average: 0.1036), the exchange rate shifted by +0.0696 (+67.18%).

2014 Avg (August) 0.1732

2013 Avg (August) 0.1036

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1225	0.1154	0.1189
February	0.1314	0.1201	0.1262
March	0.1401	0.1308	0.1342
April	0.1479	0.1398	0.1444
May	0.1575	0.1458	0.1517
June	0.1562	0.1443	0.1495
July	0.1687	0.1554	0.1611
August	0.1842	0.1612	0.1732
September	0.1804	0.1541	0.1690
October	0.1549	0.1509	0.1522
November	0.1525	0.1503	0.1512
December	0.1525	0.1509	0.1519