2017 TOP to HNL Historical Review

YEARLY HIGH

10.7576 HNL

YEARLY LOW

9.8971 HNL

YEARLY AVERAGE

10.3626 HNL

2017 TOP to HNL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the TOP to HNL exchange rate experienced significant fluctuation. The market reached its absolute peak on August 6, valuing the pair at 10.7576. Conversely, the yearly low was recorded on January 11, dropping to 9.8971.

This high-to-low spread represents a total annual volatility of 0.8605 HNL. From a start-to-finish perspective, comparing the January average rate of 10.1454 to the December average rate of 10.3313, the exchange rate registered a net change of 1.83% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2017 high of 10.7576 was up 2.59% compared to the 2016 peak of 10.4864, 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 53,788 HNL

2016 Average 50,551 HNL

Yearly Trough Low 49,486 HNL

Transaction Impact: A difference of 4,302.46 HNL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

10.6397

10.0796

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 10.2454, compared to 10.4799 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2345 points.

H1 Avg (Jan–Jun) 10.2454

H2 Avg (Jul–Dec) 10.4799

Volatility Range Comparison

Volatility

The most volatile month in 2017 was January, with a trading range of 0.4429 HNL (High: 10.3400 / Low: 9.8971). On the other end, April was the most stable month, with a tight range of 0.1464 HNL (High: 10.2708 / Low: 10.1243).

January Spread (Volatile) ±0.4429

April Spread (Stable) ±0.1464

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 February and March, when the average rate fell by 0.1467 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1467

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2017: 10.5930) against the same month in 2016 (average: 10.1199), the exchange rate shifted by +0.4731 (+4.68%).

2017 Avg (August) 10.5930

2016 Avg (August) 10.1199

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.3400	9.8971	10.1454
February	10.5108	10.2459	10.4213
March	10.4753	10.1024	10.2746
April	10.2708	10.1243	10.2070
May	10.2196	9.9947	10.1263
June	10.3906	10.1810	10.2975
July	10.6431	10.2655	10.4643
August	10.7576	10.3789	10.5930
September	10.7272	10.4711	10.5921
October	10.6062	10.3977	10.4998
November	10.5182	10.2628	10.3988
December	10.4336	10.2327	10.3313