2021 HNL to SGD Historical Review

YEARLY HIGH

0.0575 SGD

YEARLY LOW

0.0529 SGD

YEARLY AVERAGE

0.0557 SGD

2021 HNL to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the HNL to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 21, valuing the pair at 0.0575. Conversely, the yearly low was recorded on January 6, dropping to 0.0529.

This high-to-low spread represents a total annual volatility of 0.0045 SGD. From a start-to-finish perspective, comparing the January average rate of 0.0547 to the December average rate of 0.0561, the exchange rate registered a net change of 2.65% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.0575 was down 1.78% compared to the 2020 peak of 0.0585, 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 287 SGD

2020 Average 279 SGD

Yearly Trough Low 265 SGD

Transaction Impact: A difference of 22.61 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.0572

0.0545

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 0.0552, compared to 0.0563 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0011 points.

H1 Avg (Jan–Jun) 0.0552

H2 Avg (Jul–Dec) 0.0563

Volatility Range Comparison

Volatility

The most volatile month in 2021 was January, with a trading range of 0.0022 SGD (High: 0.0552 / Low: 0.0529). On the other end, May was the most stable month, with a tight range of 0.0006 SGD (High: 0.0555 / Low: 0.0549).

January Spread (Volatile) ±0.0022

May Spread (Stable) ±0.0006

Growth Streaks & Declines

Trends

Between May and August, 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 August and September, when the average rate fell by 0.0010 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0010

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2021: 0.0570) against the same month in 2020 (average: 0.0554), the exchange rate shifted by +0.0016 (+2.85%).

2021 Avg (August) 0.0570

2020 Avg (August) 0.0554

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0552	0.0529	0.0547
February	0.0553	0.0542	0.0548
March	0.0559	0.0547	0.0555
April	0.0559	0.0549	0.0554
May	0.0555	0.0549	0.0552
June	0.0563	0.0549	0.0555
July	0.0574	0.0561	0.0567
August	0.0575	0.0564	0.0570
September	0.0565	0.0555	0.0559
October	0.0565	0.0556	0.0559
November	0.0568	0.0557	0.0562
December	0.0569	0.0553	0.0561