2023 MDL to HNL Historical Review

YEARLY HIGH

1.4289 HNL

YEARLY LOW

1.2832 HNL

YEARLY AVERAGE

1.3633 HNL

2023 MDL to HNL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MDL to HNL exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 1.4289. Conversely, the yearly low was recorded on January 8, dropping to 1.2832.

This high-to-low spread represents a total annual volatility of 0.1457 HNL. From a start-to-finish perspective, comparing the January average rate of 1.2989 to the December average rate of 1.4038, the exchange rate registered a net change of 8.08% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.4289 was up 3.28% compared to the 2022 peak of 1.3835, 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 7,145 HNL

2022 Average 6,525 HNL

Yearly Trough Low 6,416 HNL

Transaction Impact: A difference of 728.53 HNL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.4143

1.2884

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 1.3440, compared to 1.3827 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0387 points.

H1 Avg (Jan–Jun) 1.3440

H2 Avg (Jul–Dec) 1.3827

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0862 HNL (High: 1.4232 / Low: 1.3370). On the other end, October was the most stable month, with a tight range of 0.0183 HNL (High: 1.3711 / Low: 1.3529).

July Spread (Volatile) ±0.0862

October Spread (Stable) ±0.0183

Growth Streaks & Declines

Trends

Between January and May, 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 September and October, when the average rate fell by 0.0159 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0159

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 1.4038) against the same month in 2022 (average: 1.2779), the exchange rate shifted by +0.1259 (+9.85%).

2023 Avg (December) 1.4038

2022 Avg (December) 1.2779

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.3182	1.2832	1.2989
February	1.3281	1.3008	1.3133
March	1.3474	1.3061	1.3239
April	1.3764	1.3441	1.3630
May	1.3957	1.3730	1.3862
June	1.3942	1.3508	1.3788
July	1.4232	1.3370	1.3766
August	1.4072	1.3813	1.3926
September	1.3975	1.3514	1.3782
October	1.3711	1.3529	1.3624
November	1.3971	1.3582	1.3825
December	1.4289	1.3753	1.4038