2011 JEP to RON Historical Review

YEARLY HIGH

3.3450 RON

YEARLY LOW

2.7465 RON

YEARLY AVERAGE

3.0494 RON

2011 JEP to RON Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the JEP to RON exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 3.3450. Conversely, the yearly low was recorded on April 29, dropping to 2.7465.

This high-to-low spread represents a total annual volatility of 0.5986 RON. From a start-to-finish perspective, comparing the January average rate of 3.1919 to the December average rate of 3.2852, the exchange rate registered a net change of 2.92% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 3.3450 was down 6.83% compared to the 2010 peak of 3.5902, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 16,725 RON

2010 Average 15,908 RON

Yearly Trough Low 13,732 RON

Transaction Impact: A difference of 2,992.79 RON purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

3.3300

2.7925

JanuMarcMayJulySeptNove

JEP 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 2.9826, compared to 3.1163 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1337 points.

H1 Avg (Jan–Jun) 2.9826

H2 Avg (Jul–Dec) 3.1163

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.2669 RON (High: 3.2302 / Low: 2.9633). On the other end, August was the most stable month, with a tight range of 0.1124 RON (High: 3.0355 / Low: 2.9231).

September Spread (Volatile) ±0.2669

August Spread (Stable) ±0.1124

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.1391 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.1391

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 3.2852) against the same month in 2010 (average: 3.2482), the exchange rate shifted by +0.0370 (+1.14%).

2011 Avg (December) 3.2852

2010 Avg (December) 3.2482

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	3.3020	3.1102	3.1919
February	3.1598	3.0425	3.1113
March	3.0465	2.8952	2.9722
April	2.9246	2.7465	2.8373
May	2.9399	2.7487	2.8682
June	3.0061	2.8337	2.9145
July	3.0624	2.8910	2.9685
August	3.0355	2.9231	2.9677
September	3.2302	2.9633	3.1081
October	3.2754	3.0458	3.1528
November	3.2994	3.1531	3.2156
December	3.3450	3.2300	3.2852