2018 TOP to HNL Historical Review

YEARLY HIGH

10.8278 HNL

YEARLY LOW

9.9942 HNL

YEARLY AVERAGE

10.5232 HNL

2018 TOP to HNL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the TOP to HNL exchange rate experienced significant fluctuation. The market reached its absolute peak on December 16, valuing the pair at 10.8278. Conversely, the yearly low was recorded on December 5, dropping to 9.9942.

This high-to-low spread represents a total annual volatility of 0.8336 HNL. From a start-to-finish perspective, comparing the January average rate of 10.5162 to the December average rate of 10.6566, the exchange rate registered a net change of 1.33% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 10.8278 was up 0.65% compared to the 2017 peak of 10.7576, 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 54,139 HNL

2017 Average 51,810 HNL

Yearly Trough Low 49,971 HNL

Transaction Impact: A difference of 4,167.98 HNL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

10.6891

10.3297

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 10.5722, compared to 10.4742 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0980 points.

H1 Avg (Jan–Jun) 10.5722

H2 Avg (Jul–Dec) 10.4742

Volatility Range Comparison

Volatility

The most volatile month in 2018 was December, with a trading range of 0.8336 HNL (High: 10.8278 / Low: 9.9942). On the other end, September was the most stable month, with a tight range of 0.0463 HNL (High: 10.4348 / Low: 10.3885).

December Spread (Volatile) ±0.8336

September Spread (Stable) ±0.0463

Growth Streaks & Declines

Trends

Between July and December, 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 April and May, when the average rate fell by 0.1467 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.1467

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2018: 10.6566) against the same month in 2017 (average: 10.3313), the exchange rate shifted by +0.3253 (+3.15%).

2018 Avg (December) 10.6566

2017 Avg (December) 10.3313

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.6981	10.4166	10.5162
February	10.7324	10.5514	10.6592
March	10.6888	10.5644	10.6274
April	10.7295	10.4974	10.6445
May	10.7087	10.3532	10.4978
June	10.5751	10.4178	10.4882
July	10.4227	10.2801	10.3597
August	10.4089	10.3365	10.3914
September	10.4348	10.3885	10.4097
October	10.4886	10.3936	10.4471
November	10.6500	10.4756	10.5810
December	10.8278	9.9942	10.6566