2021 TOP to HNL Historical Review

YEARLY HIGH

10.9843 HNL

YEARLY LOW

10.3844 HNL

YEARLY AVERAGE

10.6404 HNL

2021 TOP to HNL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the TOP to HNL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 10.9843. Conversely, the yearly low was recorded on August 22, dropping to 10.3844.

This high-to-low spread represents a total annual volatility of 0.5998 HNL. From a start-to-finish perspective, comparing the January average rate of 10.6289 to the December average rate of 10.6286, the exchange rate registered a net change of -0.00% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 10.9843 was down 0.87% compared to the 2020 peak of 11.0806, 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 54,921 HNL

2020 Average 53,740 HNL

Yearly Trough Low 51,922 HNL

Transaction Impact: A difference of 2,999.22 HNL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

10.7876

10.4816

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 10.6419, compared to 10.6389 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0031 points.

H1 Avg (Jan–Jun) 10.6419

H2 Avg (Jul–Dec) 10.6389

Volatility Range Comparison

Volatility

The most volatile month in 2021 was January, with a trading range of 0.5074 HNL (High: 10.9843 / Low: 10.4769). On the other end, February was the most stable month, with a tight range of 0.1394 HNL (High: 10.6222 / Low: 10.4828).

January Spread (Volatile) ±0.5074

February Spread (Stable) ±0.1394

Growth Streaks & Declines

Trends

Between April and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.1873 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.1873

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2021: 10.6289) against the same month in 2020 (average: 10.7919), the exchange rate shifted by -0.1630 (-1.51%).

2021 Avg (January) 10.6289

2020 Avg (January) 10.7919

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.9843	10.4769	10.6289
February	10.6222	10.4828	10.5612
March	10.7426	10.5205	10.6176
April	10.6825	10.4887	10.5820
May	10.7865	10.5730	10.6996
June	10.8607	10.6215	10.7621
July	10.6622	10.4818	10.5747
August	10.6208	10.3844	10.5071
September	10.7688	10.5901	10.6998
October	10.8203	10.6229	10.7225
November	10.8150	10.5711	10.7005
December	10.7361	10.5261	10.6286