2011 HNL to RON Historical Review

YEARLY HIGH

0.1764 RON

YEARLY LOW

0.1452 RON

YEARLY AVERAGE

0.1612 RON

2011 HNL to RON Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the HNL to RON exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 0.1764. Conversely, the yearly low was recorded on April 29, dropping to 0.1452.

This high-to-low spread represents a total annual volatility of 0.0311 RON. From a start-to-finish perspective, comparing the January average rate of 0.1687 to the December average rate of 0.1733, the exchange rate registered a net change of 2.73% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.1764 was down 7.06% compared to the 2010 peak of 0.1898, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 882 RON

2010 Average 841 RON

Yearly Trough Low 726 RON

Transaction Impact: A difference of 155.52 RON purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.1756

0.1477

JanuMarcMayJulySeptNove

HNL 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 0.1577, compared to 0.1648 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0071 points.

H1 Avg (Jan–Jun) 0.1577

H2 Avg (Jul–Dec) 0.1648

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.0137 RON (High: 0.1709 / Low: 0.1572). On the other end, December was the most stable month, with a tight range of 0.0056 RON (High: 0.1764 / Low: 0.1708).

September Spread (Volatile) ±0.0137

December Spread (Stable) ±0.0056

Growth Streaks & Declines

Trends

Between April and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0073 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0073

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 0.1733) against the same month in 2010 (average: 0.1717), the exchange rate shifted by +0.0016 (+0.95%).

2011 Avg (December) 0.1733

2010 Avg (December) 0.1717

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1745	0.1644	0.1687
February	0.1670	0.1609	0.1645
March	0.1611	0.1531	0.1572
April	0.1547	0.1452	0.1500
May	0.1555	0.1454	0.1516
June	0.1589	0.1499	0.1541
July	0.1620	0.1528	0.1570
August	0.1616	0.1551	0.1577
September	0.1709	0.1572	0.1646
October	0.1732	0.1605	0.1665
November	0.1744	0.1663	0.1697
December	0.1764	0.1708	0.1733