2011 HNL to MRO Historical Review

YEARLY HIGH

15.3661 MRO

YEARLY LOW

14.1430 MRO

YEARLY AVERAGE

14.7918 MRO

2011 HNL to MRO Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the HNL to MRO exchange rate experienced significant fluctuation. The market reached its absolute peak on October 25, valuing the pair at 15.3661. Conversely, the yearly low was recorded on May 15, dropping to 14.1430.

This high-to-low spread represents a total annual volatility of 1.2231 MRO. From a start-to-finish perspective, comparing the January average rate of 14.8132 to the December average rate of 15.1048, the exchange rate registered a net change of 1.97% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 15.3661 was up 1.60% compared to the 2010 peak of 15.1247, 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 76,830 MRO

2010 Average 72,390 MRO

Yearly Trough Low 70,715 MRO

Transaction Impact: A difference of 6,115.47 MRO purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

15.2552

14.2703

JanuMarcMayJulySeptNove

HNL to MRO 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 14.6607, compared to 14.9229 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2623 points.

H1 Avg (Jan–Jun) 14.6607

H2 Avg (Jul–Dec) 14.9229

Volatility Range Comparison

Volatility

The most volatile month in 2011 was February, with a trading range of 0.7128 MRO (High: 15.2337 / Low: 14.5209). On the other end, September was the most stable month, with a tight range of 0.1817 MRO (High: 14.9766 / Low: 14.7950).

February Spread (Volatile) ±0.7128

September Spread (Stable) ±0.1817

Growth Streaks & Declines

Trends

Between May and October, 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 0.3818 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.3818

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2011: 15.1731) against the same month in 2010 (average: 14.9688), the exchange rate shifted by +0.2043 (+1.37%).

2011 Avg (October) 15.1731

2010 Avg (October) 14.9688

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	14.9895	14.5736	14.8132
February	15.2337	14.5209	14.9045
March	15.1785	14.5937	14.9228
April	14.9661	14.3376	14.5410
May	14.4897	14.1430	14.3524
June	14.5965	14.2542	14.4301
July	14.7019	14.3962	14.5679
August	15.0204	14.5914	14.7738
September	14.9766	14.7950	14.8844
October	15.3661	14.9252	15.1731
November	15.1867	14.7750	15.0336
December	15.2199	15.0259	15.1048