2014 ZAR to HNL Historical Review

YEARLY HIGH

1.9919 HNL

YEARLY LOW

1.7651 HNL

YEARLY AVERAGE

1.8824 HNL

2014 ZAR to HNL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the ZAR to HNL exchange rate experienced significant fluctuation. The market reached its absolute peak on July 25, valuing the pair at 1.9919. Conversely, the yearly low was recorded on March 23, dropping to 1.7651.

This high-to-low spread represents a total annual volatility of 0.2268 HNL. From a start-to-finish perspective, comparing the January average rate of 1.8490 to the December average rate of 1.8350, the exchange rate registered a net change of -0.76% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.9919 was down 15.29% compared to the 2013 peak of 2.3514, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 ZAR based on timing:

Yearly Peak High 99,595 HNL

2013 Average 104,348 HNL

Yearly Trough Low 88,253 HNL

Transaction Impact: A difference of 11,341.54 HNL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.9877

1.7822

JanuMarcMayJulySeptNove

ZAR 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 1.8440, compared to 1.9209 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0769 points.

H1 Avg (Jan–Jun) 1.8440

H2 Avg (Jul–Dec) 1.9209

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.1614 HNL (High: 1.9299 / Low: 1.7685). On the other end, July was the most stable month, with a tight range of 0.0452 HNL (High: 1.9919 / Low: 1.9466).

January Spread (Volatile) ±0.1614

July Spread (Stable) ±0.0452

Growth Streaks & Declines

Trends

Between March and August, 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 November and December, when the average rate fell by 0.0803 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0803

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2014: 1.9659) against the same month in 2013 (average: 2.0441), the exchange rate shifted by -0.0782 (-3.83%).

2014 Avg (July) 1.9659

2013 Avg (July) 2.0441

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.9299	1.7685	1.8490
February	1.8263	1.7719	1.8003
March	1.8277	1.7651	1.7993
April	1.8437	1.7921	1.8161
May	1.9623	1.8139	1.8459
June	1.9769	1.9235	1.9535
July	1.9919	1.9466	1.9659
August	1.9912	1.9456	1.9706
September	1.9769	1.8714	1.9218
October	1.9569	1.8640	1.9167
November	1.9374	1.8847	1.9153
December	1.9266	1.8029	1.8350