2011 TOP to HNL Historical Review

YEARLY HIGH

11.7135 HNL

YEARLY LOW

10.0272 HNL

YEARLY AVERAGE

10.7884 HNL

2011 TOP to HNL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the TOP to HNL exchange rate experienced significant fluctuation. The market reached its absolute peak on July 28, valuing the pair at 11.7135. Conversely, the yearly low was recorded on January 13, dropping to 10.0272.

This high-to-low spread represents a total annual volatility of 1.6863 HNL. From a start-to-finish perspective, comparing the January average rate of 10.1690 to the December average rate of 10.9206, the exchange rate registered a net change of 7.39% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 11.7135 was up 13.34% compared to the 2010 peak of 10.3346, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 58,568 HNL

2010 Average 49,130 HNL

Yearly Trough Low 50,136 HNL

Transaction Impact: A difference of 8,431.72 HNL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

11.6190

10.0372

JanuMarcMayJulySeptNove

TOP 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 10.4123, compared to 11.1645 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.7522 points.

H1 Avg (Jan–Jun) 10.4123

H2 Avg (Jul–Dec) 11.1645

Volatility Range Comparison

Volatility

The most volatile month in 2011 was July, with a trading range of 0.7567 HNL (High: 11.7135 / Low: 10.9568). On the other end, February was the most stable month, with a tight range of 0.0219 HNL (High: 10.2099 / Low: 10.1880).

July Spread (Volatile) ±0.7567

February Spread (Stable) ±0.0219

Growth Streaks & Declines

Trends

Between March and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.2550 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.2550

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2011: 11.2241) against the same month in 2010 (average: 9.6804), the exchange rate shifted by +1.5437 (+15.95%).

2011 Avg (July) 11.2241

2010 Avg (July) 9.6804

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.2079	10.0272	10.1690
February	10.2099	10.1880	10.2035
March	10.2641	10.1406	10.1914
April	10.6381	10.1596	10.3295
May	10.7655	10.6381	10.7140
June	10.9921	10.8102	10.8666
July	11.7135	10.9568	11.2241
August	11.7066	11.3675	11.4872
September	11.5639	10.8715	11.2322
October	11.2510	10.7874	11.0444
November	11.2634	10.6072	11.0785
December	11.0958	10.8094	10.9206