2013 HNL to TOP Historical Review

YEARLY HIGH

0.0933 TOP

YEARLY LOW

0.0859 TOP

YEARLY AVERAGE

0.0892 TOP

2013 HNL to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2013

During 2013, the HNL to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on September 3, valuing the pair at 0.0933. Conversely, the yearly low was recorded on June 9, dropping to 0.0859.

This high-to-low spread represents a total annual volatility of 0.0074 TOP. From a start-to-finish perspective, comparing the January average rate of 0.0872 to the December average rate of 0.0910, the exchange rate registered a net change of 4.37% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2013 high of 0.0933 was down 1.62% compared to the 2012 peak of 0.0948, 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 466 TOP

2012 Average 450 TOP

Yearly Trough Low 429 TOP

Transaction Impact: A difference of 37.14 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2013.

0.0914

0.0863

JanuMarcMayJulySeptNove

HNL to TOP 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 0.0884, compared to 0.0900 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0016 points.

H1 Avg (Jan–Jun) 0.0884

H2 Avg (Jul–Dec) 0.0900

Volatility Range Comparison

Volatility

The most volatile month in 2013 was May, with a trading range of 0.0072 TOP (High: 0.0932 / Low: 0.0860). On the other end, February was the most stable month, with a tight range of 0.0011 TOP (High: 0.0873 / Low: 0.0862).

May Spread (Volatile) ±0.0072

February Spread (Stable) ±0.0011

Growth Streaks & Declines

Trends

Between February and May, 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 0.0022 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0022

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2013: 0.0902) against the same month in 2012 (average: 0.0889), the exchange rate shifted by +0.0013 (+1.46%).

2013 Avg (September) 0.0902

2012 Avg (September) 0.0889

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0880	0.0866	0.0872
February	0.0873	0.0862	0.0868
March	0.0894	0.0870	0.0884
April	0.0904	0.0887	0.0896
May	0.0932	0.0860	0.0904
June	0.0915	0.0859	0.0882
July	0.0920	0.0898	0.0910
August	0.0913	0.0898	0.0908
September	0.0933	0.0880	0.0902
October	0.0890	0.0874	0.0882
November	0.0906	0.0872	0.0887
December	0.0917	0.0902	0.0910