2013 TOP to HNL Historical Review

YEARLY HIGH

11.6460 HNL

YEARLY LOW

10.7189 HNL

YEARLY AVERAGE

11.2146 HNL

2013 TOP to HNL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2013

During 2013, the TOP to HNL exchange rate experienced significant fluctuation. The market reached its absolute peak on June 9, valuing the pair at 11.6460. Conversely, the yearly low was recorded on September 3, dropping to 10.7189.

This high-to-low spread represents a total annual volatility of 0.9271 HNL. From a start-to-finish perspective, comparing the January average rate of 11.4717 to the December average rate of 10.9911, the exchange rate registered a net change of -4.19% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2013 high of 11.6460 was up 0.55% compared to the 2012 peak of 11.5822, 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 58,230 HNL

2012 Average 55,580 HNL

Yearly Trough Low 53,594 HNL

Transaction Impact: A difference of 4,635.72 HNL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2013.

11.5792

10.9376

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 11.3132, compared to 11.1160 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1971 points.

H1 Avg (Jan–Jun) 11.3132

H2 Avg (Jul–Dec) 11.1160

Volatility Range Comparison

Volatility

The most volatile month in 2013 was May, with a trading range of 0.9035 HNL (High: 11.6310 / Low: 10.7275). On the other end, February was the most stable month, with a tight range of 0.1466 HNL (High: 11.5965 / Low: 11.4499).

May Spread (Volatile) ±0.9035

February Spread (Stable) ±0.1466

Growth Streaks & Declines

Trends

Between July and October, 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 June and July, when the average rate fell by 0.3529 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.3529

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2013: 11.3453) against the same month in 2012 (average: 10.6506), the exchange rate shifted by +0.6947 (+6.52%).

2013 Avg (June) 11.3453

2012 Avg (June) 10.6506

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11.5425	11.3694	11.4717
February	11.5965	11.4499	11.5257
March	11.4947	11.1891	11.3088
April	11.2726	11.0589	11.1584
May	11.6310	10.7275	11.0690
June	11.6460	10.9291	11.3453
July	11.1351	10.8710	10.9924
August	11.1364	10.9523	11.0115
September	11.3658	10.7189	11.0914
October	11.4412	11.2383	11.3337
November	11.4622	11.0381	11.2759
December	11.0847	10.9002	10.9911