2014 BND to RON Historical Review

YEARLY HIGH

2.7917 RON

YEARLY LOW

2.5469 RON

YEARLY AVERAGE

2.6426 RON

2014 BND to RON Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the BND to RON exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 2.7917. Conversely, the yearly low was recorded on March 24, dropping to 2.5469.

This high-to-low spread represents a total annual volatility of 0.2447 RON. From a start-to-finish perspective, comparing the January average rate of 2.6085 to the December average rate of 2.7527, the exchange rate registered a net change of 5.53% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 2.7917 was up 0.20% compared to the 2013 peak of 2.7861, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 13,958 RON

2013 Average 13,300 RON

Yearly Trough Low 12,735 RON

Transaction Impact: A difference of 1,223.72 RON purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

2.7714

2.5465

JanuMarcMayJulySeptNove

BND 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 2.5829, compared to 2.7023 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1193 points.

H1 Avg (Jan–Jun) 2.5829

H2 Avg (Jul–Dec) 2.7023

Volatility Range Comparison

Volatility

The most volatile month in 2014 was July, with a trading range of 0.0837 RON (High: 2.6572 / Low: 2.5735). On the other end, February was the most stable month, with a tight range of 0.0260 RON (High: 2.6058 / Low: 2.5798).

July Spread (Volatile) ±0.0837

February Spread (Stable) ±0.0260

Growth Streaks & Declines

Trends

Between May and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0314 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0314

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 2.7527) against the same month in 2013 (average: 2.5859), the exchange rate shifted by +0.1668 (+6.45%).

2014 Avg (December) 2.7527

2013 Avg (December) 2.5859

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.6310	2.5734	2.6085
February	2.6058	2.5798	2.5967
March	2.5956	2.5469	2.5653
April	2.5841	2.5527	2.5736
May	2.5872	2.5487	2.5721
June	2.5980	2.5677	2.5815
July	2.6572	2.5735	2.6196
August	2.6796	2.6477	2.6606
September	2.7383	2.6752	2.7068
October	2.7523	2.7145	2.7326
November	2.7622	2.7161	2.7413
December	2.7917	2.7239	2.7527