2018 RON to TOP Historical Review

YEARLY HIGH

0.5974 TOP

YEARLY LOW

0.5462 TOP

YEARLY AVERAGE

0.5766 TOP

2018 RON to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the RON to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 26, valuing the pair at 0.5974. Conversely, the yearly low was recorded on December 16, dropping to 0.5462.

This high-to-low spread represents a total annual volatility of 0.0512 TOP. From a start-to-finish perspective, comparing the January average rate of 0.5894 to the December average rate of 0.5572, the exchange rate registered a net change of -5.45% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2018 high of 0.5974 was up 1.25% compared to the 2017 peak of 0.5900, 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 2,987 TOP

2017 Average 2,800 TOP

Yearly Trough Low 2,731 TOP

Transaction Impact: A difference of 256.25 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

0.5926

0.5540

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 0.5833, compared to 0.5700 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0133 points.

H1 Avg (Jan–Jun) 0.5833

H2 Avg (Jul–Dec) 0.5700

Volatility Range Comparison

Volatility

The most volatile month in 2018 was August, with a trading range of 0.0219 TOP (High: 0.5837 / Low: 0.5618). On the other end, September was the most stable month, with a tight range of 0.0091 TOP (High: 0.5847 / Low: 0.5755).

August Spread (Volatile) ±0.0219

September Spread (Stable) ±0.0091

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2018. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0122 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0122

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2018: 0.5894) against the same month in 2017 (average: 0.5433), the exchange rate shifted by +0.0461 (+8.48%).

2018 Avg (January) 0.5894

2017 Avg (January) 0.5433

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5974	0.5793	0.5894
February	0.5968	0.5806	0.5872
March	0.5939	0.5842	0.5882
April	0.5930	0.5737	0.5857
May	0.5861	0.5654	0.5768
June	0.5778	0.5637	0.5722
July	0.5867	0.5758	0.5820
August	0.5837	0.5618	0.5742
September	0.5847	0.5755	0.5796
October	0.5735	0.5586	0.5674
November	0.5635	0.5527	0.5595
December	0.5647	0.5462	0.5572