2016 HNL to VEF Historical Review

YEARLY HIGH

0.4425 VEF

YEARLY LOW

0.2785 VEF

YEARLY AVERAGE

0.3978 VEF

2016 HNL to VEF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the HNL to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on April 14, valuing the pair at 0.4425. Conversely, the yearly low was recorded on February 28, dropping to 0.2785.

This high-to-low spread represents a total annual volatility of 0.1640 VEF. From a start-to-finish perspective, comparing the January average rate of 0.2818 to the December average rate of 0.4282, the exchange rate registered a net change of 51.98% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.4425 was up 46.84% compared to the 2015 peak of 0.3014, 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 2,213 VEF

2015 Average 1,456 VEF

Yearly Trough Low 1,393 VEF

Transaction Impact: A difference of 820.07 VEF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.4581

0.2636

JanuMarcMayJulySeptNove

HNL to VEF 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 0.3607, compared to 0.4349 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0742 points.

H1 Avg (Jan–Jun) 0.3607

H2 Avg (Jul–Dec) 0.4349

Volatility Range Comparison

Volatility

The most volatile month in 2016 was November, with a trading range of 0.0088 VEF (High: 0.4387 / Low: 0.4299). On the other end, April was the most stable month, with a tight range of 0.0015 VEF (High: 0.4425 / Low: 0.4411).

November Spread (Volatile) ±0.0088

April Spread (Stable) ±0.0015

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 November and December, when the average rate fell by 0.0050 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0050

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2016: 0.4419) against the same month in 2015 (average: 0.2933), the exchange rate shifted by +0.1485 (+50.64%).

2016 Avg (April) 0.4419

2015 Avg (April) 0.2933

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2835	0.2800	0.2818
February	0.2818	0.2785	0.2800
March	0.2807	0.2791	0.2798
April	0.4425	0.4411	0.4419
May	0.4422	0.4404	0.4414
June	0.4408	0.4380	0.4394
July	0.4419	0.4356	0.4383
August	0.4383	0.4348	0.4365
September	0.4384	0.4356	0.4367
October	0.4392	0.4347	0.4365
November	0.4387	0.4299	0.4332
December	0.4313	0.4255	0.4282