2011 RON to TOP Historical Review

YEARLY HIGH

0.6627 TOP

YEARLY LOW

0.5110 TOP

YEARLY AVERAGE

0.5773 TOP

2011 RON to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the RON to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on April 21, valuing the pair at 0.6627. Conversely, the yearly low was recorded on December 14, dropping to 0.5110.

This high-to-low spread represents a total annual volatility of 0.1516 TOP. From a start-to-finish perspective, comparing the January average rate of 0.5831 to the December average rate of 0.5284, the exchange rate registered a net change of -9.37% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.6627 was down 1.73% compared to the 2010 peak of 0.6744, 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 3,313 TOP

2010 Average 3,034 TOP

Yearly Trough Low 2,555 TOP

Transaction Impact: A difference of 758.10 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.6573

0.5167

JanuMarcMayJulySeptNove

RON to TOP 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 0.6104, compared to 0.5442 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0662 points.

H1 Avg (Jan–Jun) 0.6104

H2 Avg (Jul–Dec) 0.5442

Volatility Range Comparison

Volatility

The most volatile month in 2011 was July, with a trading range of 0.0531 TOP (High: 0.5951 / Low: 0.5420). On the other end, February was the most stable month, with a tight range of 0.0226 TOP (High: 0.6093 / Low: 0.5866).

July Spread (Volatile) ±0.0531

February Spread (Stable) ±0.0226

Growth Streaks & Declines

Trends

Between January and April, 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 April and May, when the average rate fell by 0.0298 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0298

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2011: 0.6456) against the same month in 2010 (average: 0.6264), the exchange rate shifted by +0.0192 (+3.06%).

2011 Avg (April) 0.6456

2010 Avg (April) 0.6264

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5961	0.5656	0.5831
February	0.6093	0.5866	0.5959
March	0.6432	0.6053	0.6246
April	0.6627	0.6306	0.6456
May	0.6467	0.5981	0.6158
June	0.6156	0.5799	0.5974
July	0.5951	0.5420	0.5678
August	0.5631	0.5396	0.5519
September	0.5556	0.5300	0.5410
October	0.5574	0.5255	0.5441
November	0.5452	0.5205	0.5321
December	0.5369	0.5110	0.5284