2014 AFN to RON Historical Review

YEARLY HIGH

0.0635 RON

YEARLY LOW

0.0558 RON

YEARLY AVERAGE

0.0588 RON

2014 AFN to RON Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the AFN to RON exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 0.0635. Conversely, the yearly low was recorded on June 13, dropping to 0.0558.

This high-to-low spread represents a total annual volatility of 0.0077 RON. From a start-to-finish perspective, comparing the January average rate of 0.0590 to the December average rate of 0.0625, the exchange rate registered a net change of 5.89% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.0635 was down 3.36% compared to the 2013 peak of 0.0657, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 AFN based on timing:

Yearly Peak High 317 RON

2013 Average 304 RON

Yearly Trough Low 279 RON

Transaction Impact: A difference of 38.34 RON purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.0631

0.0556

JanuMarcMayJulySeptNove

AFN to RON 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 0.0573, compared to 0.0602 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0029 points.

H1 Avg (Jan–Jun) 0.0573

H2 Avg (Jul–Dec) 0.0602

Volatility Range Comparison

Volatility

The most volatile month in 2014 was July, with a trading range of 0.0028 RON (High: 0.0586 / Low: 0.0558). On the other end, June was the most stable month, with a tight range of 0.0007 RON (High: 0.0565 / Low: 0.0558).

July Spread (Volatile) ±0.0028

June Spread (Stable) ±0.0007

Growth Streaks & Declines

Trends

Between June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0010 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0010

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.0625) against the same month in 2013 (average: 0.0571), the exchange rate shifted by +0.0054 (+9.40%).

2014 Avg (December) 0.0625

2013 Avg (December) 0.0571

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0597	0.0580	0.0590
February	0.0591	0.0570	0.0580
March	0.0579	0.0567	0.0571
April	0.0576	0.0564	0.0569
May	0.0571	0.0560	0.0566
June	0.0565	0.0558	0.0562
July	0.0586	0.0558	0.0573
August	0.0595	0.0580	0.0590
September	0.0612	0.0595	0.0603
October	0.0617	0.0598	0.0608
November	0.0621	0.0611	0.0615
December	0.0635	0.0615	0.0625