2014 BTN to RON Historical Review

YEARLY HIGH

0.0585 RON

YEARLY LOW

0.0525 RON

YEARLY AVERAGE

0.0549 RON

2014 BTN to RON Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the BTN to RON exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 0.0585. Conversely, the yearly low was recorded on February 18, dropping to 0.0525.

This high-to-low spread represents a total annual volatility of 0.0060 RON. From a start-to-finish perspective, comparing the January average rate of 0.0535 to the December average rate of 0.0577, the exchange rate registered a net change of 7.96% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.0585 was down 7.93% compared to the 2013 peak of 0.0635, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 293 RON

2013 Average 285 RON

Yearly Trough Low 262 RON

Transaction Impact: A difference of 30.21 RON purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.0582

0.0524

JanuMarcMayJulySeptNove

BTN 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 0.0536, compared to 0.0562 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0026 points.

H1 Avg (Jan–Jun) 0.0536

H2 Avg (Jul–Dec) 0.0562

Volatility Range Comparison

Volatility

The most volatile month in 2014 was May, with a trading range of 0.0023 RON (High: 0.0553 / Low: 0.0530). On the other end, February was the most stable month, with a tight range of 0.0008 RON (High: 0.0532 / Low: 0.0525).

May Spread (Volatile) ±0.0023

February Spread (Stable) ±0.0008

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 0.0006 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0006

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.0577) against the same month in 2013 (average: 0.0526), the exchange rate shifted by +0.0051 (+9.72%).

2014 Avg (December) 0.0577

2013 Avg (December) 0.0526

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0545	0.0526	0.0535
February	0.0532	0.0525	0.0528
March	0.0543	0.0527	0.0533
April	0.0542	0.0527	0.0535
May	0.0553	0.0530	0.0543
June	0.0547	0.0533	0.0541
July	0.0547	0.0534	0.0542
August	0.0553	0.0540	0.0546
September	0.0569	0.0553	0.0562
October	0.0573	0.0560	0.0568
November	0.0581	0.0572	0.0575
December	0.0585	0.0566	0.0577