2017 HNL to VUV Historical Review

YEARLY HIGH

4.8618 VUV

YEARLY LOW

4.3836 VUV

YEARLY AVERAGE

4.5561 VUV

2017 HNL to VUV Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the HNL to VUV exchange rate experienced significant fluctuation. The market reached its absolute peak on January 11, valuing the pair at 4.8618. Conversely, the yearly low was recorded on September 20, dropping to 4.3836.

This high-to-low spread represents a total annual volatility of 0.4783 VUV. From a start-to-finish perspective, comparing the January average rate of 4.6651 to the December average rate of 4.5248, the exchange rate registered a net change of -3.01% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 4.8618 was down 4.30% compared to the 2016 peak of 5.0803, 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 24,309 VUV

2016 Average 23,911 VUV

Yearly Trough Low 21,918 VUV

Transaction Impact: A difference of 2,391.25 VUV purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

4.6868

4.4264

JanuMarcMayJulySeptNove

HNL to VUV 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 4.6188, compared to 4.4934 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1254 points.

H1 Avg (Jan–Jun) 4.6188

H2 Avg (Jul–Dec) 4.4934

Volatility Range Comparison

Volatility

The most volatile month in 2017 was January, with a trading range of 0.3056 VUV (High: 4.8618 / Low: 4.5562). On the other end, February was the most stable month, with a tight range of 0.0530 VUV (High: 4.5868 / Low: 4.5338).

January Spread (Volatile) ±0.3056

February Spread (Stable) ±0.0530

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 January and February, when the average rate fell by 0.1110 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1110

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2017: 4.6651) against the same month in 2016 (average: 5.0352), the exchange rate shifted by -0.3702 (-7.35%).

2017 Avg (January) 4.6651

2016 Avg (January) 5.0352

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	4.8618	4.5562	4.6651
February	4.5868	4.5338	4.5541
March	4.6738	4.5490	4.5999
April	4.6982	4.5964	4.6417
May	4.7504	4.5956	4.6616
June	4.6427	4.5438	4.5906
July	4.6172	4.4078	4.5150
August	4.5488	4.4110	4.4705
September	4.5060	4.3836	4.4481
October	4.5193	4.4506	4.4924
November	4.5624	4.4688	4.5095
December	4.5790	4.4615	4.5248