2014 MDL to HNL Historical Review

YEARLY HIGH

1.5555 HNL

YEARLY LOW

1.3415 HNL

YEARLY AVERAGE

1.4580 HNL

2014 MDL to HNL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MDL to HNL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 1.5555. Conversely, the yearly low was recorded on December 23, dropping to 1.3415.

This high-to-low spread represents a total annual volatility of 0.2140 HNL. From a start-to-finish perspective, comparing the January average rate of 1.5222 to the December average rate of 1.3675, the exchange rate registered a net change of -10.16% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.5555 was down 8.00% compared to the 2013 peak of 1.6908, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 7,778 HNL

2013 Average 8,012 HNL

Yearly Trough Low 6,707 HNL

Transaction Impact: A difference of 1,070.25 HNL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.5376

1.3520

JanuMarcMayJulySeptNove

MDL 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 1.4607, compared to 1.4554 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0053 points.

H1 Avg (Jan–Jun) 1.4607

H2 Avg (Jul–Dec) 1.4554

Volatility Range Comparison

Volatility

The most volatile month in 2014 was May, with a trading range of 0.1123 HNL (High: 1.5003 / Low: 1.3879). On the other end, July was the most stable month, with a tight range of 0.0158 HNL (High: 1.5091 / Low: 1.4933).

May Spread (Volatile) ±0.1123

July Spread (Stable) ±0.0158

Growth Streaks & Declines

Trends

Between May and August, 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 0.0595 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0595

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2014: 1.5222) against the same month in 2013 (average: 1.6407), the exchange rate shifted by -0.1186 (-7.23%).

2014 Avg (January) 1.5222

2013 Avg (January) 1.6407

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.5555	1.4814	1.5222
February	1.4804	1.4335	1.4626
March	1.4575	1.4281	1.4388
April	1.4401	1.4144	1.4298
May	1.5003	1.3879	1.4144
June	1.5079	1.4836	1.4966
July	1.5091	1.4933	1.5007
August	1.5364	1.5046	1.5193
September	1.5013	1.4526	1.4753
October	1.4641	1.4323	1.4489
November	1.4503	1.4036	1.4206
December	1.4136	1.3415	1.3675