2011 HNL to NIO Historical Review

YEARLY HIGH

1.2108 NIO

YEARLY LOW

1.0476 NIO

YEARLY AVERAGE

1.1559 NIO

2011 HNL to NIO Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the HNL to NIO exchange rate experienced significant fluctuation. The market reached its absolute peak on December 21, valuing the pair at 1.2108. Conversely, the yearly low was recorded on January 2, dropping to 1.0476.

This high-to-low spread represents a total annual volatility of 0.1632 NIO. From a start-to-finish perspective, comparing the January average rate of 1.0490 to the December average rate of 1.2097, the exchange rate registered a net change of 15.32% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 1.2108 was up 14.75% compared to the 2010 peak of 1.0551, 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 6,054 NIO

2010 Average 5,173 NIO

Yearly Trough Low 5,238 NIO

Transaction Impact: A difference of 816.08 NIO purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

1.2257

1.0329

JanuMarcMayJulySeptNove

HNL to NIO 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 1.1121, compared to 1.1997 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0875 points.

H1 Avg (Jan–Jun) 1.1121

H2 Avg (Jul–Dec) 1.1997

Volatility Range Comparison

Volatility

The most volatile month in 2011 was April, with a trading range of 0.1205 NIO (High: 1.1761 / Low: 1.0556). On the other end, December was the most stable month, with a tight range of 0.0025 NIO (High: 1.2108 / Low: 1.2083).

April Spread (Volatile) ±0.1205

December Spread (Stable) ±0.0025

Growth Streaks & Declines

Trends

Between January and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0012 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0012

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 1.2097) against the same month in 2010 (average: 1.0466), the exchange rate shifted by +0.1631 (+15.58%).

2011 Avg (December) 1.2097

2010 Avg (December) 1.0466

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0505	1.0476	1.0490
February	1.0531	1.0499	1.0516
March	1.0558	1.0527	1.0539
April	1.1761	1.0556	1.1579
May	1.1809	1.1753	1.1777
June	1.1858	1.1807	1.1827
July	1.1935	1.1842	1.1881
August	1.2007	1.1945	1.1988
September	1.2018	1.1968	1.1996
October	1.2000	1.1963	1.1983
November	1.2101	1.1974	1.2036
December	1.2108	1.2083	1.2097