2014 HNL to RON Historical Review

YEARLY HIGH

0.1758 RON

YEARLY LOW

0.1529 RON

YEARLY AVERAGE

0.1642 RON

2014 HNL to RON Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the HNL to RON exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 0.1758. Conversely, the yearly low was recorded on June 30, dropping to 0.1529.

This high-to-low spread represents a total annual volatility of 0.0229 RON. From a start-to-finish perspective, comparing the January average rate of 0.1655 to the December average rate of 0.1718, the exchange rate registered a net change of 3.81% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.1758 was down 1.26% compared to the 2013 peak of 0.1781, 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 879 RON

2013 Average 829 RON

Yearly Trough Low 765 RON

Transaction Impact: A difference of 114.54 RON purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.1735

0.1533

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 0.1653, compared to 0.1631 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0021 points.

H1 Avg (Jan–Jun) 0.1653

H2 Avg (Jul–Dec) 0.1631

Volatility Range Comparison

Volatility

The most volatile month in 2014 was May, with a trading range of 0.0138 RON (High: 0.1694 / Low: 0.1557). On the other end, August was the most stable month, with a tight range of 0.0014 RON (High: 0.1589 / Low: 0.1574).

May Spread (Volatile) ±0.0138

August Spread (Stable) ±0.0014

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 May and June, when the average rate fell by 0.0127 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0127

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.1718) against the same month in 2013 (average: 0.1595), the exchange rate shifted by +0.0123 (+7.70%).

2014 Avg (December) 0.1718

2013 Avg (December) 0.1595

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1673	0.1605	0.1655
February	0.1683	0.1652	0.1666
March	0.1691	0.1667	0.1681
April	0.1694	0.1677	0.1686
May	0.1694	0.1557	0.1677
June	0.1564	0.1529	0.1550
July	0.1578	0.1531	0.1554
August	0.1589	0.1574	0.1581
September	0.1653	0.1587	0.1621
October	0.1668	0.1623	0.1641
November	0.1688	0.1654	0.1672
December	0.1758	0.1677	0.1718