2017 HNL to VEF Historical Review

YEARLY HIGH

0.4651 VEF

YEARLY LOW

0.4214 VEF

YEARLY AVERAGE

0.4303 VEF

2017 HNL to VEF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the HNL to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on November 2, valuing the pair at 0.4651. Conversely, the yearly low was recorded on December 17, dropping to 0.4214.

This high-to-low spread represents a total annual volatility of 0.0437 VEF. From a start-to-finish perspective, comparing the January average rate of 0.4278 to the December average rate of 0.4359, the exchange rate registered a net change of 1.89% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.4651 was up 5.09% compared to the 2016 peak of 0.4425, 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 2,325 VEF

2016 Average 1,990 VEF

Yearly Trough Low 2,107 VEF

Transaction Impact: A difference of 218.35 VEF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.4395

0.4228

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 0.4273, compared to 0.4333 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0060 points.

H1 Avg (Jan–Jun) 0.4273

H2 Avg (Jul–Dec) 0.4333

Volatility Range Comparison

Volatility

The most volatile month in 2017 was November, with a trading range of 0.0432 VEF (High: 0.4651 / Low: 0.4219). On the other end, February was the most stable month, with a tight range of 0.0047 VEF (High: 0.4270 / Low: 0.4223).

November Spread (Volatile) ±0.0432

February Spread (Stable) ±0.0047

Growth Streaks & Declines

Trends

Between February and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0051 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0051

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2017: 0.4381) against the same month in 2016 (average: 0.4332), the exchange rate shifted by +0.0050 (+1.15%).

2017 Avg (November) 0.4381

2016 Avg (November) 0.4332

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4378	0.4228	0.4278
February	0.4270	0.4223	0.4242
March	0.4306	0.4234	0.4252
April	0.4357	0.4246	0.4289
May	0.4355	0.4252	0.4294
June	0.4362	0.4252	0.4284
July	0.4383	0.4250	0.4314
August	0.4445	0.4270	0.4347
September	0.4353	0.4241	0.4297
October	0.4499	0.4225	0.4302
November	0.4651	0.4219	0.4381
December	0.4578	0.4214	0.4359