2014 RON to BIF Historical Review

YEARLY HIGH

486.3882 BIF

YEARLY LOW

422.7206 BIF

YEARLY AVERAGE

464.1086 BIF

2014 RON to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the RON to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on May 6, valuing the pair at 486.3882. Conversely, the yearly low was recorded on December 30, dropping to 422.7206.

This high-to-low spread represents a total annual volatility of 63.6676 BIF. From a start-to-finish perspective, comparing the January average rate of 466.6186 to the December average rate of 431.9346, the exchange rate registered a net change of -7.43% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 486.3882 was down 0.90% compared to the 2013 peak of 490.7851, 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 2,431,941 BIF

2013 Average 2,329,327 BIF

Yearly Trough Low 2,113,603 BIF

Transaction Impact: A difference of 318,338.16 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

485.3350

427.0801

JanuMarcMayJulySeptNove

RON to BIF 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 475.7931, compared to 452.4242 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 23.3689 points.

H1 Avg (Jan–Jun) 475.7931

H2 Avg (Jul–Dec) 452.4242

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 19.6087 BIF (High: 463.7788 / Low: 444.1701). On the other end, June was the most stable month, with a tight range of 6.8716 BIF (High: 483.2115 / Low: 476.3399).

September Spread (Volatile) ±19.6087

June Spread (Stable) ±6.8716

Growth Streaks & Declines

Trends

Between January and May, 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 August and September, when the average rate fell by 13.6301 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -13.6301

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2014: 480.4804) against the same month in 2013 (average: 470.4204), the exchange rate shifted by +10.0600 (+2.14%).

2014 Avg (May) 480.4804

2013 Avg (May) 470.4204

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	475.1901	462.2806	466.6186
February	476.0638	465.0824	471.5919
March	480.2434	470.3670	477.6713
April	482.7032	474.6645	479.5242
May	486.3882	476.8249	480.4804
June	483.2115	476.3399	478.8722
July	482.7797	466.4646	475.6766
August	468.9213	460.2979	466.4822
September	463.7788	444.1701	452.8521
October	453.0020	435.5432	447.5975
November	444.9577	435.6651	440.0019
December	440.0416	422.7206	431.9346