2014 HNL to TOP Historical Review

YEARLY HIGH

0.0978 TOP

YEARLY LOW

0.0858 TOP

YEARLY AVERAGE

0.0926 TOP

2014 HNL to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the HNL to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on May 24, valuing the pair at 0.0978. Conversely, the yearly low was recorded on July 13, dropping to 0.0858.

This high-to-low spread represents a total annual volatility of 0.0119 TOP. From a start-to-finish perspective, comparing the January average rate of 0.0928 to the December average rate of 0.0931, the exchange rate registered a net change of 0.27% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.0978 was up 4.80% compared to the 2013 peak of 0.0933, 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 489 TOP

2013 Average 446 TOP

Yearly Trough Low 429 TOP

Transaction Impact: A difference of 59.59 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.0974

0.0871

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 0.0942, compared to 0.0910 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0032 points.

H1 Avg (Jan–Jun) 0.0942

H2 Avg (Jul–Dec) 0.0910

Volatility Range Comparison

Volatility

The most volatile month in 2014 was May, with a trading range of 0.0074 TOP (High: 0.0978 / Low: 0.0903). On the other end, February was the most stable month, with a tight range of 0.0017 TOP (High: 0.0955 / Low: 0.0938).

May Spread (Volatile) ±0.0074

February Spread (Stable) ±0.0017

Growth Streaks & Declines

Trends

Between July and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0073 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0073

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2014: 0.0965) against the same month in 2013 (average: 0.0904), the exchange rate shifted by +0.0061 (+6.79%).

2014 Avg (May) 0.0965

2013 Avg (May) 0.0904

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0944	0.0916	0.0928
February	0.0955	0.0938	0.0947
March	0.0967	0.0949	0.0960
April	0.0974	0.0941	0.0956
May	0.0978	0.0903	0.0965
June	0.0906	0.0881	0.0892
July	0.0891	0.0858	0.0879
August	0.0897	0.0867	0.0884
September	0.0926	0.0876	0.0903
October	0.0934	0.0915	0.0923
November	0.0945	0.0922	0.0937
December	0.0939	0.0919	0.0931