2016 HNL to TOP Historical Review

YEARLY HIGH

0.1036 TOP

YEARLY LOW

0.0954 TOP

YEARLY AVERAGE

0.0989 TOP

2016 HNL to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the HNL to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on February 7, valuing the pair at 0.1036. Conversely, the yearly low was recorded on November 9, dropping to 0.0954.

This high-to-low spread represents a total annual volatility of 0.0083 TOP. From a start-to-finish perspective, comparing the January average rate of 0.1006 to the December average rate of 0.0977, the exchange rate registered a net change of -2.89% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.1036 was down 1.04% compared to the 2015 peak of 0.1047, 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 518 TOP

2015 Average 488 TOP

Yearly Trough Low 477 TOP

Transaction Impact: A difference of 41.28 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.1012

0.0968

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 0.0997, compared to 0.0981 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0016 points.

H1 Avg (Jan–Jun) 0.0997

H2 Avg (Jul–Dec) 0.0981

Volatility Range Comparison

Volatility

The most volatile month in 2016 was February, with a trading range of 0.0042 TOP (High: 0.1036 / Low: 0.0994). On the other end, September was the most stable month, with a tight range of 0.0010 TOP (High: 0.0989 / Low: 0.0979).

February Spread (Volatile) ±0.0042

September Spread (Stable) ±0.0010

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2016. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0012 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0012

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2016: 0.1008) against the same month in 2015 (average: 0.0950), the exchange rate shifted by +0.0059 (+6.16%).

2016 Avg (February) 0.1008

2015 Avg (February) 0.0950

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1020	0.0997	0.1006
February	0.1036	0.0994	0.1008
March	0.1003	0.0989	0.0997
April	0.0994	0.0979	0.0987
May	0.1007	0.0985	0.0997
June	0.1009	0.0975	0.0989
July	0.1009	0.0983	0.0994
August	0.0995	0.0983	0.0988
September	0.0989	0.0979	0.0984
October	0.0985	0.0963	0.0972
November	0.0992	0.0954	0.0972
December	0.0997	0.0961	0.0977