2011 SAR to RON Historical Review

YEARLY HIGH

0.8920 RON

YEARLY LOW

0.7324 RON

YEARLY AVERAGE

0.8131 RON

2011 SAR to RON Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the SAR to RON exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 0.8920. Conversely, the yearly low was recorded on April 29, dropping to 0.7324.

This high-to-low spread represents a total annual volatility of 0.1596 RON. From a start-to-finish perspective, comparing the January average rate of 0.8512 to the December average rate of 0.8760, the exchange rate registered a net change of 2.92% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.8920 was down 6.83% compared to the 2010 peak of 0.9573, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 SAR based on timing:

Yearly Peak High 4,460 RON

2010 Average 4,242 RON

Yearly Trough Low 3,662 RON

Transaction Impact: A difference of 797.87 RON purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.8880

0.7447

JanuMarcMayJulySeptNove

SAR to RON 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 0.7953, compared to 0.8309 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0356 points.

H1 Avg (Jan–Jun) 0.7953

H2 Avg (Jul–Dec) 0.8309

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.0712 RON (High: 0.8613 / Low: 0.7902). On the other end, December was the most stable month, with a tight range of 0.0306 RON (High: 0.8920 / Low: 0.8614).

September Spread (Volatile) ±0.0712

December Spread (Stable) ±0.0306

Growth Streaks & Declines

Trends

Between August and December, 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 February and March, when the average rate fell by 0.0371 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0371

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 0.8760) against the same month in 2010 (average: 0.8662), the exchange rate shifted by +0.0099 (+1.14%).

2011 Avg (December) 0.8760

2010 Avg (December) 0.8662

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8806	0.8293	0.8512
February	0.8426	0.8113	0.8297
March	0.8124	0.7720	0.7926
April	0.7799	0.7324	0.7566
May	0.7840	0.7330	0.7648
June	0.8016	0.7556	0.7772
July	0.8166	0.7709	0.7914
August	0.8094	0.7788	0.7913
September	0.8613	0.7902	0.8288
October	0.8734	0.8122	0.8407
November	0.8798	0.8408	0.8574
December	0.8920	0.8614	0.8760