2014 LTL to RON Historical Review

YEARLY HIGH

1.3181 RON

YEARLY LOW

1.2692 RON

YEARLY AVERAGE

1.2871 RON

2014 LTL to RON Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the LTL to RON exchange rate experienced significant fluctuation. The market reached its absolute peak on January 27, valuing the pair at 1.3181. Conversely, the yearly low was recorded on June 9, dropping to 1.2692.

This high-to-low spread represents a total annual volatility of 0.0489 RON. From a start-to-finish perspective, comparing the January average rate of 1.3096 to the December average rate of 1.2919, the exchange rate registered a net change of -1.35% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.3181 was up 0.40% compared to the 2013 peak of 1.3129, 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 6,590 RON

2013 Average 6,398 RON

Yearly Trough Low 6,346 RON

Transaction Impact: A difference of 244.28 RON purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.3133

1.2682

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 1.2927, compared to 1.2814 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0113 points.

H1 Avg (Jan–Jun) 1.2927

H2 Avg (Jul–Dec) 1.2814

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.0216 RON (High: 1.3181 / Low: 1.2965). On the other end, June was the most stable month, with a tight range of 0.0049 RON (High: 1.2741 / Low: 1.2692).

January Spread (Volatile) ±0.0216

June Spread (Stable) ±0.0049

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0110 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0110

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2014: 1.3096) against the same month in 2013 (average: 1.2685), the exchange rate shifted by +0.0410 (+3.24%).

2014 Avg (January) 1.3096

2013 Avg (January) 1.2685

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.3181	1.2965	1.3096
February	1.3082	1.2921	1.3009
March	1.3120	1.2919	1.3013
April	1.2946	1.2860	1.2918
May	1.2855	1.2714	1.2808
June	1.2741	1.2692	1.2720
July	1.2901	1.2703	1.2773
August	1.2875	1.2725	1.2814
September	1.2819	1.2731	1.2770
October	1.2807	1.2746	1.2784
November	1.2864	1.2777	1.2826
December	1.2990	1.2822	1.2919