2012 RON to LTL Historical Review

YEARLY HIGH

0.7999 LTL

YEARLY LOW

0.7444 LTL

YEARLY AVERAGE

0.7749 LTL

2012 RON to LTL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the RON to LTL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 16, valuing the pair at 0.7999. Conversely, the yearly low was recorded on August 3, dropping to 0.7444.

This high-to-low spread represents a total annual volatility of 0.0555 LTL. From a start-to-finish perspective, comparing the January average rate of 0.7953 to the December average rate of 0.7703, the exchange rate registered a net change of -3.14% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2012 high of 0.7999 was down 5.65% compared to the 2011 peak of 0.8479, 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 4,000 LTL

2011 Average 4,075 LTL

Yearly Trough Low 3,722 LTL

Transaction Impact: A difference of 277.53 LTL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

0.7992

0.7528

JanuMarcMayJulySeptNove

RON to LTL 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 0.7867, compared to 0.7631 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0236 points.

H1 Avg (Jan–Jun) 0.7867

H2 Avg (Jul–Dec) 0.7631

Volatility Range Comparison

Volatility

The most volatile month in 2012 was August, with a trading range of 0.0308 LTL (High: 0.7753 / Low: 0.7444). On the other end, February was the most stable month, with a tight range of 0.0032 LTL (High: 0.7952 / Low: 0.7920).

August Spread (Volatile) ±0.0308

February Spread (Stable) ±0.0032

Growth Streaks & Declines

Trends

Between July and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0157 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0157

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2012: 0.7953) against the same month in 2011 (average: 0.8096), the exchange rate shifted by -0.0143 (-1.76%).

2012 Avg (January) 0.7953

2011 Avg (January) 0.8096

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7999	0.7910	0.7953
February	0.7952	0.7920	0.7936
March	0.7940	0.7880	0.7908
April	0.7909	0.7824	0.7888
May	0.7844	0.7716	0.7776
June	0.7763	0.7720	0.7738
July	0.7758	0.7451	0.7580
August	0.7753	0.7444	0.7640
September	0.7722	0.7604	0.7671
October	0.7636	0.7536	0.7566
November	0.7660	0.7602	0.7625
December	0.7810	0.7600	0.7703