2014 SBD to HNL Historical Review

YEARLY HIGH

2.9349 HNL

YEARLY LOW

2.6005 HNL

YEARLY AVERAGE

2.7919 HNL

2014 SBD to HNL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the SBD to HNL exchange rate experienced significant fluctuation. The market reached its absolute peak on September 4, valuing the pair at 2.9349. Conversely, the yearly low was recorded on May 8, dropping to 2.6005.

This high-to-low spread represents a total annual volatility of 0.3344 HNL. From a start-to-finish perspective, comparing the January average rate of 2.7807 to the December average rate of 2.7880, the exchange rate registered a net change of 0.26% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 2.9349 was up 1.48% compared to the 2013 peak of 2.8922, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 14,675 HNL

2013 Average 14,038 HNL

Yearly Trough Low 13,003 HNL

Transaction Impact: A difference of 1,672.02 HNL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

2.9316

2.6013

JanuMarcMayJulySeptNove

SBD 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 2.7154, compared to 2.8684 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1529 points.

H1 Avg (Jan–Jun) 2.7154

H2 Avg (Jul–Dec) 2.8684

Volatility Range Comparison

Volatility

The most volatile month in 2014 was May, with a trading range of 0.2230 HNL (High: 2.8236 / Low: 2.6005). On the other end, July was the most stable month, with a tight range of 0.0213 HNL (High: 2.9056 / Low: 2.8843).

May Spread (Volatile) ±0.2230

July Spread (Stable) ±0.0213

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 November and December, when the average rate fell by 0.0666 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0666

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2014: 2.8919) against the same month in 2013 (average: 2.8582), the exchange rate shifted by +0.0337 (+1.18%).

2014 Avg (September) 2.8919

2013 Avg (September) 2.8582

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.8175	2.7374	2.7807
February	2.7465	2.6898	2.7177
March	2.6902	2.6429	2.6601
April	2.6461	2.6179	2.6328
May	2.8236	2.6005	2.6288
June	2.9039	2.8281	2.8724
July	2.9056	2.8843	2.8961
August	2.9291	2.8818	2.9041
September	2.9349	2.8568	2.8919
October	2.8906	2.8505	2.8756
November	2.8902	2.8320	2.8545
December	2.8437	2.7432	2.7880