2015 RON to TOP Historical Review

YEARLY HIGH

0.5806 TOP

YEARLY LOW

0.4764 TOP

YEARLY AVERAGE

0.5292 TOP

2015 RON to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the RON to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on October 14, valuing the pair at 0.5806. Conversely, the yearly low was recorded on March 15, dropping to 0.4764.

This high-to-low spread represents a total annual volatility of 0.1042 TOP. From a start-to-finish perspective, comparing the January average rate of 0.5138 to the December average rate of 0.5424, the exchange rate registered a net change of 5.58% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 0.5806 was down 0.16% compared to the 2014 peak of 0.5815, 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 2,903 TOP

2014 Average 2,819 TOP

Yearly Trough Low 2,382 TOP

Transaction Impact: A difference of 520.96 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

0.5732

0.4847

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 0.5083, compared to 0.5502 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0419 points.

H1 Avg (Jan–Jun) 0.5083

H2 Avg (Jul–Dec) 0.5502

Volatility Range Comparison

Volatility

The most volatile month in 2015 was October, with a trading range of 0.0341 TOP (High: 0.5806 / Low: 0.5465). On the other end, November was the most stable month, with a tight range of 0.0173 TOP (High: 0.5495 / Low: 0.5321).

October Spread (Volatile) ±0.0341

November Spread (Stable) ±0.0173

Growth Streaks & Declines

Trends

Between March and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0291 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0291

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2015: 0.5659) against the same month in 2014 (average: 0.5629), the exchange rate shifted by +0.0030 (+0.53%).

2015 Avg (October) 0.5659

2014 Avg (October) 0.5629

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5301	0.4978	0.5138
February	0.5267	0.5040	0.5139
March	0.5037	0.4764	0.4921
April	0.5126	0.4867	0.4961
May	0.5227	0.4956	0.5091
June	0.5402	0.5065	0.5248
July	0.5530	0.5255	0.5359
August	0.5784	0.5492	0.5597
September	0.5759	0.5450	0.5603
October	0.5806	0.5465	0.5659
November	0.5495	0.5321	0.5367
December	0.5555	0.5341	0.5424