2014 HNL to MOP Historical Review

YEARLY HIGH

0.4186 MOP

YEARLY LOW

0.3741 MOP

YEARLY AVERAGE

0.3920 MOP

2014 HNL to MOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the HNL to MOP exchange rate experienced significant fluctuation. The market reached its absolute peak on May 8, valuing the pair at 0.4186. Conversely, the yearly low was recorded on October 16, dropping to 0.3741.

This high-to-low spread represents a total annual volatility of 0.0445 MOP. From a start-to-finish perspective, comparing the January average rate of 0.3985 to the December average rate of 0.3790, the exchange rate registered a net change of -4.90% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.4186 was down 0.95% compared to the 2013 peak of 0.4226, 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 2,093 MOP

2013 Average 1,989 MOP

Yearly Trough Low 1,871 MOP

Transaction Impact: A difference of 222.53 MOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.4212

0.3718

JanuMarcMayJulySeptNove

HNL to MOP 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 0.4055, compared to 0.3785 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0270 points.

H1 Avg (Jan–Jun) 0.4055

H2 Avg (Jul–Dec) 0.3785

Volatility Range Comparison

Volatility

The most volatile month in 2014 was May, with a trading range of 0.0328 MOP (High: 0.4186 / Low: 0.3858). On the other end, July was the most stable month, with a tight range of 0.0011 MOP (High: 0.3816 / Low: 0.3805).

May Spread (Volatile) ±0.0328

July Spread (Stable) ±0.0011

Growth Streaks & Declines

Trends

Between January and April, 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 May and June, when the average rate fell by 0.0327 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0327

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2014: 0.4159) against the same month in 2013 (average: 0.4134), the exchange rate shifted by +0.0025 (+0.61%).

2014 Avg (May) 0.4159

2013 Avg (May) 0.4134

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4022	0.3941	0.3985
February	0.4088	0.4017	0.4046
March	0.4159	0.4090	0.4134
April	0.4181	0.4157	0.4171
May	0.4186	0.3858	0.4159
June	0.3863	0.3807	0.3832
July	0.3816	0.3805	0.3810
August	0.3822	0.3784	0.3802
September	0.3798	0.3781	0.3787
October	0.3790	0.3741	0.3763
November	0.3769	0.3747	0.3759
December	0.3813	0.3767	0.3790