2014 HNL to MRO Historical Review

YEARLY HIGH

15.5465 MRO

YEARLY LOW

13.6280 MRO

YEARLY AVERAGE

14.3366 MRO

2014 HNL to MRO Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the HNL to MRO exchange rate experienced significant fluctuation. The market reached its absolute peak on April 13, valuing the pair at 15.5465. Conversely, the yearly low was recorded on December 2, dropping to 13.6280.

This high-to-low spread represents a total annual volatility of 1.9185 MRO. From a start-to-finish perspective, comparing the January average rate of 14.4988 to the December average rate of 13.7922, the exchange rate registered a net change of -4.87% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 15.5465 was down 1.37% compared to the 2013 peak of 15.7628, 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 77,732 MRO

2013 Average 73,094 MRO

Yearly Trough Low 68,140 MRO

Transaction Impact: A difference of 9,592.61 MRO purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

15.5747

13.5836

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 14.8499, compared to 13.8233 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.0266 points.

H1 Avg (Jan–Jun) 14.8499

H2 Avg (Jul–Dec) 13.8233

Volatility Range Comparison

Volatility

The most volatile month in 2014 was May, with a trading range of 1.3877 MRO (High: 15.5048 / Low: 14.1171). On the other end, September was the most stable month, with a tight range of 0.1146 MRO (High: 13.8826 / Low: 13.7679).

May Spread (Volatile) ±1.3877

September Spread (Stable) ±0.1146

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 1.2692 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.2692

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2014: 15.4088) against the same month in 2013 (average: 14.0884), the exchange rate shifted by +1.3204 (+9.37%).

2014 Avg (April) 15.4088

2013 Avg (April) 14.0884

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	14.6441	14.3487	14.4988
February	14.8701	14.5669	14.7322
March	15.5034	14.8778	15.1289
April	15.5465	15.2064	15.4088
May	15.5048	14.1171	15.2999
June	14.1879	13.8844	14.0306
July	13.9966	13.8687	13.9224
August	13.9718	13.7999	13.9029
September	13.8826	13.7679	13.8167
October	13.8567	13.6309	13.7559
November	13.8775	13.6808	13.7495
December	13.9036	13.6280	13.7922