2016 RON to TOP Historical Review

YEARLY HIGH

0.5802 TOP

YEARLY LOW

0.5204 TOP

YEARLY AVERAGE

0.5551 TOP

2016 RON to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the RON to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on February 7, valuing the pair at 0.5802. Conversely, the yearly low was recorded on December 19, dropping to 0.5204.

This high-to-low spread represents a total annual volatility of 0.0599 TOP. From a start-to-finish perspective, comparing the January average rate of 0.5409 to the December average rate of 0.5313, the exchange rate registered a net change of -1.76% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.5802 was down 0.07% compared to the 2015 peak of 0.5806, 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 2,901 TOP

2015 Average 2,647 TOP

Yearly Trough Low 2,602 TOP

Transaction Impact: A difference of 299.26 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.5712

0.5277

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 0.5592, compared to 0.5511 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0081 points.

H1 Avg (Jan–Jun) 0.5592

H2 Avg (Jul–Dec) 0.5511

Volatility Range Comparison

Volatility

The most volatile month in 2016 was October, with a trading range of 0.0357 TOP (High: 0.5691 / Low: 0.5333). On the other end, September was the most stable month, with a tight range of 0.0080 TOP (High: 0.5709 / Low: 0.5629).

October Spread (Volatile) ±0.0357

September Spread (Stable) ±0.0080

Growth Streaks & Declines

Trends

Between March and May, 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 September and October, when the average rate fell by 0.0208 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0208

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2016: 0.5639) against the same month in 2015 (average: 0.5139), the exchange rate shifted by +0.0499 (+9.72%).

2016 Avg (February) 0.5639

2015 Avg (February) 0.5139

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5521	0.5323	0.5409
February	0.5802	0.5511	0.5639
March	0.5682	0.5528	0.5617
April	0.5721	0.5544	0.5651
May	0.5725	0.5601	0.5654
June	0.5732	0.5429	0.5580
July	0.5722	0.5516	0.5591
August	0.5731	0.5606	0.5676
September	0.5709	0.5629	0.5667
October	0.5691	0.5333	0.5459
November	0.5573	0.5258	0.5359
December	0.5379	0.5204	0.5313