2014 TND to RON Historical Review

YEARLY HIGH

2.0856 RON

YEARLY LOW

1.8929 RON

YEARLY AVERAGE

1.9748 RON

2014 TND to RON Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the TND to RON exchange rate experienced significant fluctuation. The market reached its absolute peak on March 3, valuing the pair at 2.0856. Conversely, the yearly low was recorded on July 14, dropping to 1.8929.

This high-to-low spread represents a total annual volatility of 0.1927 RON. From a start-to-finish perspective, comparing the January average rate of 2.0198 to the December average rate of 1.9516, the exchange rate registered a net change of -3.38% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 2.0856 was down 3.96% compared to the 2013 peak of 2.1716, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 10,428 RON

2013 Average 10,242 RON

Yearly Trough Low 9,465 RON

Transaction Impact: A difference of 963.56 RON purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

2.0844

1.8872

JanuMarcMayJulySeptNove

TND 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 2.0191, compared to 1.9305 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0887 points.

H1 Avg (Jan–Jun) 2.0191

H2 Avg (Jul–Dec) 1.9305

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.0988 RON (High: 2.0764 / Low: 1.9776). On the other end, August was the most stable month, with a tight range of 0.0162 RON (High: 1.9358 / Low: 1.9197).

January Spread (Volatile) ±0.0988

August Spread (Stable) ±0.0162

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0448 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0448

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2014: 2.0606) against the same month in 2013 (average: 2.1392), the exchange rate shifted by -0.0786 (-3.67%).

2014 Avg (March) 2.0606

2013 Avg (March) 2.1392

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.0764	1.9776	2.0198
February	2.0791	2.0542	2.0679
March	2.0856	2.0474	2.0606
April	2.0516	1.9984	2.0329
May	1.9971	1.9749	1.9881
June	1.9768	1.9065	1.9455
July	1.9214	1.8929	1.9036
August	1.9358	1.9197	1.9272
September	1.9394	1.9189	1.9310
October	1.9431	1.9240	1.9327
November	1.9454	1.9269	1.9366
December	1.9857	1.9305	1.9516