2014 HNL to ZAR Historical Review

YEARLY HIGH

0.5666 ZAR

YEARLY LOW

0.5020 ZAR

YEARLY AVERAGE

0.5319 ZAR

2014 HNL to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the HNL to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 23, valuing the pair at 0.5666. Conversely, the yearly low was recorded on July 25, dropping to 0.5020.

This high-to-low spread represents a total annual volatility of 0.0645 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.5411 to the December average rate of 0.5451, the exchange rate registered a net change of 0.75% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.5666 was up 9.45% compared to the 2013 peak of 0.5177, 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 2,833 ZAR

2013 Average 2,401 ZAR

Yearly Trough Low 2,510 ZAR

Transaction Impact: A difference of 322.59 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.5606

0.5027

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 0.5428, compared to 0.5210 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0218 points.

H1 Avg (Jan–Jun) 0.5428

H2 Avg (Jul–Dec) 0.5210

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.0473 ZAR (High: 0.5655 / Low: 0.5182). On the other end, July was the most stable month, with a tight range of 0.0117 ZAR (High: 0.5137 / Low: 0.5020).

January Spread (Volatile) ±0.0473

July Spread (Stable) ±0.0117

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0300 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0300

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2014: 0.5558) against the same month in 2013 (average: 0.4648), the exchange rate shifted by +0.0911 (+19.59%).

2014 Avg (March) 0.5558

2013 Avg (March) 0.4648

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5655	0.5182	0.5411
February	0.5644	0.5476	0.5555
March	0.5666	0.5471	0.5558
April	0.5580	0.5424	0.5506
May	0.5513	0.5096	0.5419
June	0.5199	0.5058	0.5119
July	0.5137	0.5020	0.5087
August	0.5140	0.5022	0.5075
September	0.5344	0.5058	0.5205
October	0.5365	0.5110	0.5218
November	0.5306	0.5162	0.5221
December	0.5546	0.5190	0.5451