2016 MOP to HNL Historical Review

YEARLY HIGH

2.9365 HNL

YEARLY LOW

2.7858 HNL

YEARLY AVERAGE

2.8470 HNL

2016 MOP to HNL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the MOP to HNL exchange rate experienced significant fluctuation. The market reached its absolute peak on December 21, valuing the pair at 2.9365. Conversely, the yearly low was recorded on January 3, dropping to 2.7858.

This high-to-low spread represents a total annual volatility of 0.1507 HNL. From a start-to-finish perspective, comparing the January average rate of 2.7984 to the December average rate of 2.9181, the exchange rate registered a net change of 4.28% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 2.9365 was up 5.24% compared to the 2015 peak of 2.7903, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 14,682 HNL

2015 Average 13,587 HNL

Yearly Trough Low 13,929 HNL

Transaction Impact: A difference of 753.72 HNL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

2.9300

2.7864

JanuMarcMayJulySeptNove

MOP 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 2.8221, compared to 2.8719 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0498 points.

H1 Avg (Jan–Jun) 2.8221

H2 Avg (Jul–Dec) 2.8719

Volatility Range Comparison

Volatility

The most volatile month in 2016 was November, with a trading range of 0.0564 HNL (High: 2.9065 / Low: 2.8501). On the other end, May was the most stable month, with a tight range of 0.0084 HNL (High: 2.8292 / Low: 2.8208).

November Spread (Volatile) ±0.0564

May Spread (Stable) ±0.0084

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 March and April, when the average rate fell by 0.0040 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0040

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2016: 2.9181) against the same month in 2015 (average: 2.7461), the exchange rate shifted by +0.1720 (+6.26%).

2016 Avg (December) 2.9181

2015 Avg (December) 2.7461

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.8086	2.7858	2.7984
February	2.8269	2.8033	2.8162
March	2.8418	2.8249	2.8294
April	2.8296	2.8200	2.8254
May	2.8292	2.8208	2.8245
June	2.8484	2.8271	2.8389
July	2.8569	2.8422	2.8503
August	2.8664	2.8479	2.8606
September	2.8643	2.8502	2.8592
October	2.8716	2.8502	2.8612
November	2.9065	2.8501	2.8820
December	2.9365	2.9002	2.9181