YEARLY HIGH
1.9466 RON
YEARLY LOW
1.7407 RON
YEARLY AVERAGE
1.8368 RON

2021 TOP to RON Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the TOP to RON exchange rate experienced significant fluctuation. The market reached its absolute peak on November 22, valuing the pair at 1.9466. Conversely, the yearly low was recorded on January 5, dropping to 1.7407.

This high-to-low spread represents a total annual volatility of 0.2059 RON. From a start-to-finish perspective, comparing the January average rate of 1.7547 to the December average rate of 1.9162, the exchange rate registered a net change of 9.20% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 1.9466 was up 0.61% compared to the 2020 peak of 1.9349, 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 9,733 RON
2020 Average 9,216 RON
Yearly Trough Low 8,703 RON
Transaction Impact: A difference of 1,029.73 RON purely based on transaction execution date.

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1.9385
1.7380
JanuMarcMayJulySeptNove

TOP 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 1.7920, compared to 1.8816 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0896 points.

H1 Avg (Jan–Jun) 1.7920
H2 Avg (Jul–Dec) 1.8816

Volatility Range Comparison

Volatility

The most volatile month in 2021 was March, with a trading range of 0.0732 RON (High: 1.8340 / Low: 1.7608). On the other end, December was the most stable month, with a tight range of 0.0175 RON (High: 1.9224 / Low: 1.9049).

March Spread (Volatile) Âą0.0732
December Spread (Stable) Âą0.0175

Growth Streaks & Declines

Trends

Between May and November, 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 April and May, when the average rate fell by 0.0076 points.

Longest Streak 6 Mo.
Sharpest MoM Drop -0.0076

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2021: 1.9218) against the same month in 2020 (average: 1.7867), the exchange rate shifted by +0.1351 (+7.56%).

2021 Avg (November) 1.9218
2020 Avg (November) 1.7867

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Month High Low Average
January 1.7710 1.7407 1.7547
February 1.7774 1.7467 1.7561
March 1.8340 1.7608 1.8017
April 1.8253 1.7934 1.8081
May 1.8164 1.7877 1.8005
June 1.8558 1.8096 1.8308
July 1.8563 1.8291 1.8445
August 1.8624 1.8308 1.8477
September 1.8815 1.8480 1.8659
October 1.9154 1.8764 1.8936
November 1.9466 1.8984 1.9218
December 1.9224 1.9049 1.9162