2014 RON to TOP Historical Review

YEARLY HIGH

0.5815 TOP

YEARLY LOW

0.5335 TOP

YEARLY AVERAGE

0.5638 TOP

2014 RON to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the RON to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on June 9, valuing the pair at 0.5815. Conversely, the yearly low was recorded on December 31, dropping to 0.5335.

This high-to-low spread represents a total annual volatility of 0.0480 TOP. From a start-to-finish perspective, comparing the January average rate of 0.5610 to the December average rate of 0.5418, the exchange rate registered a net change of -3.41% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.5815 was up 1.05% compared to the 2013 peak of 0.5755, 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 2,907 TOP

2013 Average 2,694 TOP

Yearly Trough Low 2,668 TOP

Transaction Impact: A difference of 239.97 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.5789

0.5385

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 0.5698, compared to 0.5579 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0119 points.

H1 Avg (Jan–Jun) 0.5698

H2 Avg (Jul–Dec) 0.5579

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.0216 TOP (High: 0.5551 / Low: 0.5335). On the other end, February was the most stable month, with a tight range of 0.0101 TOP (High: 0.5737 / Low: 0.5636).

December Spread (Volatile) ±0.0216

February Spread (Stable) ±0.0101

Growth Streaks & Declines

Trends

Between January and March, 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 November and December, when the average rate fell by 0.0184 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0184

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2014: 0.5754) against the same month in 2013 (average: 0.5261), the exchange rate shifted by +0.0492 (+9.36%).

2014 Avg (June) 0.5754

2013 Avg (June) 0.5261

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5723	0.5552	0.5610
February	0.5737	0.5636	0.5686
March	0.5751	0.5612	0.5712
April	0.5804	0.5597	0.5670
May	0.5809	0.5678	0.5755
June	0.5815	0.5704	0.5754
July	0.5744	0.5544	0.5658
August	0.5680	0.5502	0.5593
September	0.5638	0.5444	0.5571
October	0.5719	0.5536	0.5629
November	0.5653	0.5501	0.5603
December	0.5551	0.5335	0.5418