2014 RON to BAM Historical Review

YEARLY HIGH

0.4465 BAM

YEARLY LOW

0.4300 BAM

YEARLY AVERAGE

0.4404 BAM

2014 RON to BAM Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the RON to BAM exchange rate experienced significant fluctuation. The market reached its absolute peak on June 30, valuing the pair at 0.4465. Conversely, the yearly low was recorded on January 27, dropping to 0.4300.

This high-to-low spread represents a total annual volatility of 0.0165 BAM. From a start-to-finish perspective, comparing the January average rate of 0.4327 to the December average rate of 0.4387, the exchange rate registered a net change of 1.37% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.4465 was down 1.82% compared to the 2013 peak of 0.4548, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,232 BAM

2013 Average 2,215 BAM

Yearly Trough Low 2,150 BAM

Transaction Impact: A difference of 82.44 BAM purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.4468

0.4315

JanuMarcMayJulySeptNove

RON to BAM 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 0.4385, compared to 0.4423 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0038 points.

H1 Avg (Jan–Jun) 0.4385

H2 Avg (Jul–Dec) 0.4423

Volatility Range Comparison

Volatility

The most volatile month in 2014 was July, with a trading range of 0.0072 BAM (High: 0.4461 / Low: 0.4389). On the other end, June was the most stable month, with a tight range of 0.0017 BAM (High: 0.4465 / Low: 0.4448).

July Spread (Volatile) ±0.0072

June Spread (Stable) ±0.0017

Growth Streaks & Declines

Trends

Between March and June, 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 November and December, when the average rate fell by 0.0032 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0032

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2014: 0.4456) against the same month in 2013 (average: 0.4372), the exchange rate shifted by +0.0084 (+1.92%).

2014 Avg (June) 0.4456

2013 Avg (June) 0.4372

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4371	0.4300	0.4327
February	0.4386	0.4332	0.4357
March	0.4387	0.4319	0.4356
April	0.4407	0.4377	0.4387
May	0.4458	0.4409	0.4425
June	0.4465	0.4448	0.4456
July	0.4461	0.4389	0.4437
August	0.4454	0.4402	0.4423
September	0.4452	0.4424	0.4438
October	0.4446	0.4423	0.4433
November	0.4436	0.4405	0.4419
December	0.4426	0.4359	0.4387