2014 MAD to RON Historical Review

YEARLY HIGH

0.4086 RON

YEARLY LOW

0.3903 RON

YEARLY AVERAGE

0.3981 RON

2014 MAD to RON Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MAD to RON exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 0.4086. Conversely, the yearly low was recorded on July 1, dropping to 0.3903.

This high-to-low spread represents a total annual volatility of 0.0183 RON. From a start-to-finish perspective, comparing the January average rate of 0.4032 to the December average rate of 0.4054, the exchange rate registered a net change of 0.54% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.4086 was up 0.35% compared to the 2013 peak of 0.4072, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,043 RON

2013 Average 1,979 RON

Yearly Trough Low 1,952 RON

Transaction Impact: A difference of 91.32 RON purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.4068

0.3901

JanuMarcMayJulySeptNove

MAD 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 0.3976, compared to 0.3986 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0011 points.

H1 Avg (Jan–Jun) 0.3976

H2 Avg (Jul–Dec) 0.3986

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.0077 RON (High: 0.4058 / Low: 0.3980). On the other end, June was the most stable month, with a tight range of 0.0018 RON (High: 0.3925 / Low: 0.3907).

January Spread (Volatile) ±0.0077

June Spread (Stable) ±0.0018

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 April and May, when the average rate fell by 0.0034 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0034

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.4054) against the same month in 2013 (average: 0.3970), the exchange rate shifted by +0.0084 (+2.12%).

2014 Avg (December) 0.4054

2013 Avg (December) 0.3970

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4058	0.3980	0.4032
February	0.4024	0.3982	0.4004
March	0.4034	0.3968	0.3996
April	0.3980	0.3949	0.3970
May	0.3950	0.3911	0.3936
June	0.3925	0.3907	0.3915
July	0.3970	0.3903	0.3934
August	0.3977	0.3942	0.3961
September	0.3985	0.3946	0.3970
October	0.3997	0.3972	0.3985
November	0.4029	0.3991	0.4013
December	0.4086	0.4019	0.4054