2020 HNL to SGD Historical Review

YEARLY HIGH

0.0585 SGD

YEARLY LOW

0.0533 SGD

YEARLY AVERAGE

0.0558 SGD

2020 HNL to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the HNL to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 23, valuing the pair at 0.0585. Conversely, the yearly low was recorded on January 14, dropping to 0.0533.

This high-to-low spread represents a total annual volatility of 0.0052 SGD. From a start-to-finish perspective, comparing the January average rate of 0.0545 to the December average rate of 0.0549, the exchange rate registered a net change of 0.81% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.0585 was down 36.03% compared to the 2019 peak of 0.0915, 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 293 SGD

2019 Average 278 SGD

Yearly Trough Low 266 SGD

Transaction Impact: A difference of 26.16 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.0574

0.0542

JanuMarcMayJulySeptNove

HNL to SGD 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 0.0562, compared to 0.0553 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0009 points.

H1 Avg (Jan–Jun) 0.0562

H2 Avg (Jul–Dec) 0.0553

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0032 SGD (High: 0.0585 / Low: 0.0554). On the other end, December was the most stable month, with a tight range of 0.0005 SGD (High: 0.0552 / Low: 0.0546).

March Spread (Volatile) ±0.0032

December Spread (Stable) ±0.0005

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 0.0009 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0009

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 0.0569) against the same month in 2019 (average: 0.0552), the exchange rate shifted by +0.0017 (+3.12%).

2020 Avg (March) 0.0569

2019 Avg (March) 0.0552

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0550	0.0533	0.0545
February	0.0569	0.0550	0.0560
March	0.0585	0.0554	0.0569
April	0.0578	0.0566	0.0571
May	0.0574	0.0564	0.0568
June	0.0565	0.0556	0.0559
July	0.0562	0.0551	0.0558
August	0.0558	0.0551	0.0554
September	0.0558	0.0549	0.0553
October	0.0556	0.0550	0.0553
November	0.0557	0.0548	0.0552
December	0.0552	0.0546	0.0549