2020 TOP to HNL Historical Review

YEARLY HIGH

11.0806 HNL

YEARLY LOW

10.3777 HNL

YEARLY AVERAGE

10.7480 HNL

2020 TOP to HNL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the TOP to HNL exchange rate experienced significant fluctuation. The market reached its absolute peak on June 9, valuing the pair at 11.0806. Conversely, the yearly low was recorded on March 22, dropping to 10.3777.

This high-to-low spread represents a total annual volatility of 0.7029 HNL. From a start-to-finish perspective, comparing the January average rate of 10.7919 to the December average rate of 10.6151, the exchange rate registered a net change of -1.64% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 11.0806 was down 0.45% compared to the 2019 peak of 11.1311, 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 55,403 HNL

2019 Average 53,591 HNL

Yearly Trough Low 51,889 HNL

Transaction Impact: A difference of 3,514.36 HNL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

11.0190

10.5542

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 10.7606, compared to 10.7354 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0252 points.

H1 Avg (Jan–Jun) 10.7606

H2 Avg (Jul–Dec) 10.7354

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.3909 HNL (High: 10.7686 / Low: 10.3777). On the other end, December was the most stable month, with a tight range of 0.0894 HNL (High: 10.6554 / Low: 10.5660).

March Spread (Volatile) ±0.3909

December Spread (Stable) ±0.0894

Growth Streaks & Declines

Trends

Between March and June, 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 September and October, when the average rate fell by 0.1954 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1954

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2020: 10.9803) against the same month in 2019 (average: 10.7949), the exchange rate shifted by +0.1854 (+1.72%).

2020 Avg (June) 10.9803

2019 Avg (June) 10.7949

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11.0376	10.6910	10.7919
February	10.7705	10.6177	10.7145
March	10.7686	10.3777	10.5930
April	10.8068	10.5440	10.6654
May	10.9038	10.7276	10.8184
June	11.0806	10.8543	10.9803
July	10.9832	10.8467	10.9134
August	10.9740	10.7421	10.8410
September	10.9085	10.6429	10.8165
October	10.7006	10.5575	10.6212
November	10.6801	10.5520	10.6053
December	10.6554	10.5660	10.6151