2020 HNL to TOP Historical Review

YEARLY HIGH

0.0964 TOP

YEARLY LOW

0.0902 TOP

YEARLY AVERAGE

0.0931 TOP

2020 HNL to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the HNL to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on March 22, valuing the pair at 0.0964. Conversely, the yearly low was recorded on June 9, dropping to 0.0902.

This high-to-low spread represents a total annual volatility of 0.0061 TOP. From a start-to-finish perspective, comparing the January average rate of 0.0927 to the December average rate of 0.0942, the exchange rate registered a net change of 1.66% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.0964 was down 37.83% compared to the 2019 peak of 0.1550, 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 482 TOP

2019 Average 467 TOP

Yearly Trough Low 451 TOP

Transaction Impact: A difference of 30.56 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.0948

0.0907

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 0.0929, compared to 0.0932 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.0929

H2 Avg (Jul–Dec) 0.0932

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0035 TOP (High: 0.0964 / Low: 0.0929). On the other end, December was the most stable month, with a tight range of 0.0008 TOP (High: 0.0946 / Low: 0.0938).

March Spread (Volatile) ±0.0035

December Spread (Stable) ±0.0008

Growth Streaks & Declines

Trends

Between June and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0014 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0014

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 0.0944) against the same month in 2019 (average: 0.0923), the exchange rate shifted by +0.0021 (+2.33%).

2020 Avg (March) 0.0944

2019 Avg (March) 0.0923

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0935	0.0906	0.0927
February	0.0942	0.0928	0.0933
March	0.0964	0.0929	0.0944
April	0.0948	0.0925	0.0938
May	0.0932	0.0917	0.0924
June	0.0921	0.0902	0.0911
July	0.0922	0.0910	0.0916
August	0.0931	0.0911	0.0922
September	0.0940	0.0917	0.0925
October	0.0947	0.0935	0.0942
November	0.0948	0.0936	0.0943
December	0.0946	0.0938	0.0942