2012 MAD to HNL Historical Review

YEARLY HIGH

2.3627 HNL

YEARLY LOW

2.1007 HNL

YEARLY AVERAGE

2.2377 HNL

2012 MAD to HNL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the MAD to HNL exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 2.3627. Conversely, the yearly low was recorded on July 24, dropping to 2.1007.

This high-to-low spread represents a total annual volatility of 0.2620 HNL. From a start-to-finish perspective, comparing the January average rate of 2.2110 to the December average rate of 2.3362, the exchange rate registered a net change of 5.66% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2012 high of 2.3627 was down 4.49% compared to the 2011 peak of 2.4738, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 MAD based on timing:

Yearly Peak High 11,814 HNL

2011 Average 11,690 HNL

Yearly Trough Low 10,504 HNL

Transaction Impact: A difference of 1,309.91 HNL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

2.3568

2.1096

JanuMarcMayJulySeptNove

MAD to HNL 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 2.2235, compared to 2.2518 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0283 points.

H1 Avg (Jan–Jun) 2.2235

H2 Avg (Jul–Dec) 2.2518

Volatility Range Comparison

Volatility

The most volatile month in 2012 was May, with a trading range of 0.1153 HNL (High: 2.2597 / Low: 2.1444). On the other end, October was the most stable month, with a tight range of 0.0397 HNL (High: 2.3200 / Low: 2.2803).

May Spread (Volatile) ±0.1153

October Spread (Stable) ±0.0397

Growth Streaks & Declines

Trends

Between July and October, 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 April and May, when the average rate fell by 0.0481 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0481

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2012: 2.3362) against the same month in 2011 (average: 2.2398), the exchange rate shifted by +0.0964 (+4.31%).

2012 Avg (December) 2.3362

2011 Avg (December) 2.2398

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2521	2.1777	2.2110
February	2.2926	2.2301	2.2600
March	2.2773	2.2335	2.2566
April	2.2744	2.2324	2.2499
May	2.2597	2.1444	2.2018
June	2.1825	2.1373	2.1621
July	2.1770	2.1007	2.1302
August	2.2318	2.1300	2.1885
September	2.3079	2.2216	2.2720
October	2.3200	2.2803	2.2975
November	2.3132	2.2679	2.2864
December	2.3627	2.3035	2.3362