2011 LTL to RON Historical Review

YEARLY HIGH

1.2645 RON

YEARLY LOW

1.1794 RON

YEARLY AVERAGE

1.2274 RON

2011 LTL to RON Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the LTL to RON exchange rate experienced significant fluctuation. The market reached its absolute peak on November 16, valuing the pair at 1.2645. Conversely, the yearly low was recorded on April 27, dropping to 1.1794.

This high-to-low spread represents a total annual volatility of 0.0851 RON. From a start-to-finish perspective, comparing the January average rate of 1.2352 to the December average rate of 1.2534, the exchange rate registered a net change of 1.48% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 1.2645 was down 0.30% compared to the 2010 peak of 1.2683, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 6,323 RON

2010 Average 6,098 RON

Yearly Trough Low 5,897 RON

Transaction Impact: A difference of 425.50 RON purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

1.2690

1.1799

JanuMarcMayJulySeptNove

LTL 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 1.2105, compared to 1.2444 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0339 points.

H1 Avg (Jan–Jun) 1.2105

H2 Avg (Jul–Dec) 1.2444

Volatility Range Comparison

Volatility

The most volatile month in 2011 was June, with a trading range of 0.0422 RON (High: 1.2338 / Low: 1.1915). On the other end, November was the most stable month, with a tight range of 0.0113 RON (High: 1.2645 / Low: 1.2532).

June Spread (Volatile) ±0.0422

November Spread (Stable) ±0.0113

Growth Streaks & Declines

Trends

Between April and November, 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 February and March, when the average rate fell by 0.0248 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0248

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2011: 1.2616) against the same month in 2010 (average: 1.2445), the exchange rate shifted by +0.0170 (+1.37%).

2011 Avg (November) 1.2616

2010 Avg (November) 1.2445

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.2423	1.2294	1.2352
February	1.2367	1.2190	1.2295
March	1.2198	1.1835	1.2047
April	1.1978	1.1794	1.1873
May	1.1990	1.1830	1.1923
June	1.2338	1.1915	1.2138
July	1.2410	1.2108	1.2273
August	1.2434	1.2205	1.2317
September	1.2633	1.2260	1.2400
October	1.2645	1.2453	1.2521
November	1.2645	1.2532	1.2616
December	1.2623	1.2416	1.2534