2020 RON to TOP Historical Review

YEARLY HIGH

0.5756 TOP

YEARLY LOW

0.5168 TOP

YEARLY AVERAGE

0.5429 TOP

2020 RON to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the RON to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 17, valuing the pair at 0.5756. Conversely, the yearly low was recorded on May 11, dropping to 0.5168.

This high-to-low spread represents a total annual volatility of 0.0588 TOP. From a start-to-finish perspective, comparing the January average rate of 0.5337 to the December average rate of 0.5708, the exchange rate registered a net change of 6.95% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.5756 was up 2.68% compared to the 2019 peak of 0.5606, 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 2,878 TOP

2019 Average 2,702 TOP

Yearly Trough Low 2,584 TOP

Transaction Impact: A difference of 293.82 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.5758

0.5158

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 0.5290, compared to 0.5568 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0278 points.

H1 Avg (Jan–Jun) 0.5290

H2 Avg (Jul–Dec) 0.5568

Volatility Range Comparison

Volatility

The most volatile month in 2020 was July, with a trading range of 0.0270 TOP (High: 0.5582 / Low: 0.5311). On the other end, November was the most stable month, with a tight range of 0.0059 TOP (High: 0.5625 / Low: 0.5566).

July Spread (Volatile) ±0.0270

November Spread (Stable) ±0.0059

Growth Streaks & Declines

Trends

Between May and August, 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 March and April, when the average rate fell by 0.0127 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0127

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 0.5708) against the same month in 2019 (average: 0.5348), the exchange rate shifted by +0.0360 (+6.73%).

2020 Avg (December) 0.5708

2019 Avg (December) 0.5348

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5377	0.5304	0.5337
February	0.5377	0.5211	0.5289
March	0.5463	0.5259	0.5377
April	0.5329	0.5182	0.5249
May	0.5256	0.5168	0.5208
June	0.5331	0.5245	0.5282
July	0.5582	0.5311	0.5400
August	0.5642	0.5533	0.5579
September	0.5583	0.5486	0.5540
October	0.5647	0.5543	0.5587
November	0.5625	0.5566	0.5597
December	0.5756	0.5671	0.5708