2014 RON to VEF Historical Review

YEARLY HIGH

1.9763 VEF

YEARLY LOW

1.7099 VEF

YEARLY AVERAGE

1.8824 VEF

2014 RON to VEF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the RON to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on May 7, valuing the pair at 1.9763. Conversely, the yearly low was recorded on December 31, dropping to 1.7099.

This high-to-low spread represents a total annual volatility of 0.2664 VEF. From a start-to-finish perspective, comparing the January average rate of 1.8956 to the December average rate of 1.7426, the exchange rate registered a net change of -8.07% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.9763 was up 1.13% compared to the 2013 peak of 1.9542, 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 9,881 VEF

2013 Average 8,773 VEF

Yearly Trough Low 8,549 VEF

Transaction Impact: A difference of 1,331.99 VEF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.9754

1.7214

JanuMarcMayJulySeptNove

RON to VEF 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 1.9328, compared to 1.8320 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1008 points.

H1 Avg (Jan–Jun) 1.9328

H2 Avg (Jul–Dec) 1.8320

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0748 VEF (High: 1.8794 / Low: 1.8046). On the other end, June was the most stable month, with a tight range of 0.0254 VEF (High: 1.9634 / Low: 1.9380).

September Spread (Volatile) ±0.0748

June Spread (Stable) ±0.0254

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0525 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0525

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2014: 1.9542) against the same month in 2013 (average: 1.8845), the exchange rate shifted by +0.0697 (+3.70%).

2014 Avg (May) 1.9542

2013 Avg (May) 1.8845

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.9340	1.8784	1.8956
February	1.9295	1.8867	1.9131
March	1.9467	1.9092	1.9363
April	1.9648	1.9330	1.9481
May	1.9763	1.9442	1.9542
June	1.9634	1.9380	1.9493
July	1.9615	1.9060	1.9327
August	1.9067	1.8785	1.8942
September	1.8794	1.8046	1.8418
October	1.8234	1.7874	1.8076
November	1.7882	1.7594	1.7730
December	1.7703	1.7099	1.7426