2011 HNL to ZAR Historical Review

YEARLY HIGH

0.4525 ZAR

YEARLY LOW

0.3480 ZAR

YEARLY AVERAGE

0.3838 ZAR

2011 HNL to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the HNL to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on November 26, valuing the pair at 0.4525. Conversely, the yearly low was recorded on May 1, dropping to 0.3480.

This high-to-low spread represents a total annual volatility of 0.1045 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.3662 to the December average rate of 0.4316, the exchange rate registered a net change of 17.87% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.4525 was up 7.77% compared to the 2010 peak of 0.4199, 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 2,263 ZAR

2010 Average 1,934 ZAR

Yearly Trough Low 1,740 ZAR

Transaction Impact: A difference of 522.47 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.4393

0.3478

JanuMarcMayJulySeptNove

HNL to ZAR 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 0.3648, compared to 0.4029 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0381 points.

H1 Avg (Jan–Jun) 0.3648

H2 Avg (Jul–Dec) 0.4029

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.0707 ZAR (High: 0.4425 / Low: 0.3718). On the other end, June was the most stable month, with a tight range of 0.0091 ZAR (High: 0.3643 / Low: 0.3552).

September Spread (Volatile) ±0.0707

June Spread (Stable) ±0.0091

Growth Streaks & Declines

Trends

Between July and December, 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 February and March, when the average rate fell by 0.0142 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0142

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2011: 0.4303) against the same month in 2010 (average: 0.3687), the exchange rate shifted by +0.0615 (+16.69%).

2011 Avg (November) 0.4303

2010 Avg (November) 0.3687

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3798	0.3494	0.3662
February	0.3863	0.3683	0.3798
March	0.3745	0.3584	0.3656
April	0.3630	0.3480	0.3554
May	0.3723	0.3480	0.3626
June	0.3643	0.3552	0.3591
July	0.3698	0.3524	0.3588
August	0.3866	0.3553	0.3770
September	0.4425	0.3718	0.3999
October	0.4388	0.4070	0.4199
November	0.4525	0.4145	0.4303
December	0.4425	0.4232	0.4316