2016 TOP to HNL Historical Review

YEARLY HIGH

10.4864 HNL

YEARLY LOW

9.6508 HNL

YEARLY AVERAGE

10.1099 HNL

2016 TOP to HNL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the TOP to HNL exchange rate experienced significant fluctuation. The market reached its absolute peak on November 9, valuing the pair at 10.4864. Conversely, the yearly low was recorded on February 7, dropping to 9.6508.

This high-to-low spread represents a total annual volatility of 0.8356 HNL. From a start-to-finish perspective, comparing the January average rate of 9.9446 to the December average rate of 10.2413, the exchange rate registered a net change of 2.98% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 10.4864 was down 3.39% compared to the 2015 peak of 10.8548, 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 52,432 HNL

2015 Average 51,254 HNL

Yearly Trough Low 48,254 HNL

Transaction Impact: A difference of 4,177.98 HNL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

10.3261

9.8801

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 10.0278, compared to 10.1920 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1642 points.

H1 Avg (Jan–Jun) 10.0278

H2 Avg (Jul–Dec) 10.1920

Volatility Range Comparison

Volatility

The most volatile month in 2016 was February, with a trading range of 0.4052 HNL (High: 10.0561 / Low: 9.6508). On the other end, September was the most stable month, with a tight range of 0.1041 HNL (High: 10.2142 / Low: 10.1100).

February Spread (Volatile) ±0.4052

September Spread (Stable) ±0.1041

Growth Streaks & Declines

Trends

Between July and November, 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 April and May, when the average rate fell by 0.0953 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0953

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2016: 10.2890) against the same month in 2015 (average: 9.8757), the exchange rate shifted by +0.4132 (+4.18%).

2016 Avg (November) 10.2890

2015 Avg (November) 9.8757

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.0315	9.8026	9.9446
February	10.0561	9.6508	9.9173
March	10.1087	9.9669	10.0332
April	10.2164	10.0639	10.1271
May	10.1555	9.9337	10.0318
June	10.2519	9.9079	10.1129
July	10.1698	9.9140	10.0566
August	10.1760	10.0539	10.1199
September	10.2142	10.1100	10.1588
October	10.3870	10.1472	10.2865
November	10.4864	10.0849	10.2890
December	10.4083	10.0290	10.2413