2014 RON to BTN Historical Review

YEARLY HIGH

19.0613 BTN

YEARLY LOW

17.0925 BTN

YEARLY AVERAGE

18.2385 BTN

2014 RON to BTN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the RON to BTN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 18, valuing the pair at 19.0613. Conversely, the yearly low was recorded on December 31, dropping to 17.0925.

This high-to-low spread represents a total annual volatility of 1.9688 BTN. From a start-to-finish perspective, comparing the January average rate of 18.7007 to the December average rate of 17.3214, the exchange rate registered a net change of -7.38% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 19.0613 was down 6.38% compared to the 2013 peak of 20.3607, 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 95,307 BTN

2013 Average 88,037 BTN

Yearly Trough Low 85,463 BTN

Transaction Impact: A difference of 9,844.06 BTN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

19.0820

17.1613

JanuMarcMayJulySeptNove

RON to BTN 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 18.6667, compared to 17.8104 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.8562 points.

H1 Avg (Jan–Jun) 18.6667

H2 Avg (Jul–Dec) 17.8104

Volatility Range Comparison

Volatility

The most volatile month in 2014 was May, with a trading range of 0.7881 BTN (High: 18.8659 / Low: 18.0778). On the other end, November was the most stable month, with a tight range of 0.2685 BTN (High: 17.4892 / Low: 17.2207).

May Spread (Volatile) ±0.7881

November Spread (Stable) ±0.2685

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2014. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.5343 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.5343

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2014: 18.9219) against the same month in 2013 (average: 16.3961), the exchange rate shifted by +2.5258 (+15.40%).

2014 Avg (February) 18.9219

2013 Avg (February) 16.3961

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	19.0196	18.3624	18.7007
February	19.0613	18.7849	18.9219
March	18.9724	18.4288	18.7654
April	18.9636	18.4564	18.6807
May	18.8659	18.0778	18.4347
June	18.7597	18.2843	18.4966
July	18.7266	18.2772	18.4420
August	18.5113	18.0914	18.3189
September	18.0756	17.5826	17.7846
October	17.8561	17.4416	17.6191
November	17.4892	17.2207	17.3766
December	17.6699	17.0925	17.3214