2017 HNL to TOP Historical Review

YEARLY HIGH

0.1010 TOP

YEARLY LOW

0.0930 TOP

YEARLY AVERAGE

0.0965 TOP

2017 HNL to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the HNL to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 11, valuing the pair at 0.1010. Conversely, the yearly low was recorded on August 6, dropping to 0.0930.

This high-to-low spread represents a total annual volatility of 0.0081 TOP. From a start-to-finish perspective, comparing the January average rate of 0.0986 to the December average rate of 0.0968, the exchange rate registered a net change of -1.82% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.1010 was down 2.49% compared to the 2016 peak of 0.1036, 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 505 TOP

2016 Average 495 TOP

Yearly Trough Low 465 TOP

Transaction Impact: A difference of 40.41 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.0992

0.0940

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 0.0976, compared to 0.0954 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0022 points.

H1 Avg (Jan–Jun) 0.0976

H2 Avg (Jul–Dec) 0.0954

Volatility Range Comparison

Volatility

The most volatile month in 2017 was January, with a trading range of 0.0043 TOP (High: 0.1010 / Low: 0.0967). On the other end, April was the most stable month, with a tight range of 0.0014 TOP (High: 0.0988 / Low: 0.0974).

January Spread (Volatile) ±0.0043

April Spread (Stable) ±0.0014

Growth Streaks & Declines

Trends

Between August and December, 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 January and February, when the average rate fell by 0.0026 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0026

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2017: 0.0986) against the same month in 2016 (average: 0.1006), the exchange rate shifted by -0.0020 (-1.96%).

2017 Avg (January) 0.0986

2016 Avg (January) 0.1006

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1010	0.0967	0.0986
February	0.0976	0.0951	0.0960
March	0.0990	0.0955	0.0973
April	0.0988	0.0974	0.0980
May	0.1001	0.0979	0.0988
June	0.0982	0.0962	0.0971
July	0.0974	0.0940	0.0956
August	0.0963	0.0930	0.0944
September	0.0955	0.0932	0.0944
October	0.0962	0.0943	0.0952
November	0.0974	0.0951	0.0962
December	0.0977	0.0958	0.0968