2014 BZD to RON Historical Review

YEARLY HIGH

1.8501 RON

YEARLY LOW

1.5821 RON

YEARLY AVERAGE

1.6761 RON

2014 BZD to RON Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the BZD to RON exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 1.8501. Conversely, the yearly low was recorded on May 7, dropping to 1.5821.

This high-to-low spread represents a total annual volatility of 0.2680 RON. From a start-to-finish perspective, comparing the January average rate of 1.6647 to the December average rate of 1.8134, the exchange rate registered a net change of 8.93% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.8501 was up 5.94% compared to the 2013 peak of 1.7464, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 9,250 RON

2013 Average 8,332 RON

Yearly Trough Low 7,910 RON

Transaction Impact: A difference of 1,339.98 RON purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.8344

1.5821

JanuMarcMayJulySeptNove

BZD 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 1.6290, compared to 1.7233 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0943 points.

H1 Avg (Jan–Jun) 1.6290

H2 Avg (Jul–Dec) 1.7233

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0748 RON (High: 1.7508 / Low: 1.6761). On the other end, June was the most stable month, with a tight range of 0.0210 RON (High: 1.6260 / Low: 1.6049).

September Spread (Volatile) ±0.0748

June Spread (Stable) ±0.0210

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 March and April, when the average rate fell by 0.0291 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0291

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 1.8134) against the same month in 2013 (average: 1.6335), the exchange rate shifted by +0.1798 (+11.01%).

2014 Avg (December) 1.8134

2013 Avg (December) 1.6335

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.6771	1.6342	1.6647
February	1.6695	1.6388	1.6522
March	1.6510	1.6116	1.6331
April	1.6172	1.5923	1.6040
May	1.6172	1.5821	1.6032
June	1.6260	1.6049	1.6166
July	1.6524	1.6060	1.6294
August	1.6747	1.6523	1.6628
September	1.7508	1.6761	1.7124
October	1.7598	1.7280	1.7444
November	1.7915	1.7610	1.7774
December	1.8501	1.7803	1.8134