2018 HNL to ZAR Historical Review

YEARLY HIGH

0.6412 ZAR

YEARLY LOW

0.4877 ZAR

YEARLY AVERAGE

0.5534 ZAR

2018 HNL to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the HNL to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 5, valuing the pair at 0.6412. Conversely, the yearly low was recorded on February 24, dropping to 0.4877.

This high-to-low spread represents a total annual volatility of 0.1535 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.5159 to the December average rate of 0.5890, the exchange rate registered a net change of 14.17% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 0.6412 was up 4.79% compared to the 2017 peak of 0.6119, 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 3,206 ZAR

2017 Average 2,835 ZAR

Yearly Trough Low 2,438 ZAR

Transaction Impact: A difference of 767.53 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

0.6239

0.4897

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 0.5186, compared to 0.5883 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0697 points.

H1 Avg (Jan–Jun) 0.5186

H2 Avg (Jul–Dec) 0.5883

Volatility Range Comparison

Volatility

The most volatile month in 2018 was August, with a trading range of 0.0618 ZAR (High: 0.6125 / Low: 0.5506). On the other end, March was the most stable month, with a tight range of 0.0166 ZAR (High: 0.5092 / Low: 0.4926).

August Spread (Volatile) ±0.0618

March Spread (Stable) ±0.0166

Growth Streaks & Declines

Trends

Between February and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0235 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0235

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2018: 0.6128) against the same month in 2017 (average: 0.5615), the exchange rate shifted by +0.0512 (+9.12%).

2018 Avg (September) 0.6128

2017 Avg (September) 0.5615

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5261	0.5022	0.5159
February	0.5167	0.4877	0.5009
March	0.5092	0.4926	0.5013
April	0.5261	0.5001	0.5113
May	0.5370	0.5153	0.5272
June	0.5777	0.5250	0.5549
July	0.5764	0.5477	0.5582
August	0.6125	0.5506	0.5853
September	0.6412	0.5860	0.6128
October	0.6182	0.5891	0.6040
November	0.5997	0.5605	0.5805
December	0.6062	0.5609	0.5890