2013 TOP to RON Historical Review

YEARLY HIGH

1.9697 RON

YEARLY LOW

1.7377 RON

YEARLY AVERAGE

1.8585 RON

2013 TOP to RON Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2013

During 2013, the TOP to RON exchange rate experienced significant fluctuation. The market reached its absolute peak on April 2, valuing the pair at 1.9697. Conversely, the yearly low was recorded on December 11, dropping to 1.7377.

This high-to-low spread represents a total annual volatility of 0.2320 RON. From a start-to-finish perspective, comparing the January average rate of 1.8995 to the December average rate of 1.7534, the exchange rate registered a net change of -7.70% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2013 high of 1.9697 was down 9.41% compared to the 2012 peak of 2.1745, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 9,849 RON

2012 Average 9,981 RON

Yearly Trough Low 8,689 RON

Transaction Impact: A difference of 1,160.09 RON purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2013.

1.9565

1.7349

JanuMarcMayJulySeptNove

TOP 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 1.9127, compared to 1.8043 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1084 points.

H1 Avg (Jan–Jun) 1.9127

H2 Avg (Jul–Dec) 1.8043

Volatility Range Comparison

Volatility

The most volatile month in 2013 was June, with a trading range of 0.1222 RON (High: 1.9625 / Low: 1.8403). On the other end, December was the most stable month, with a tight range of 0.0333 RON (High: 1.7710 / Low: 1.7377).

June Spread (Volatile) ±0.1222

December Spread (Stable) ±0.0333

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2013. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0686 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0686

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2013: 1.9302) against the same month in 2012 (average: 1.9549), the exchange rate shifted by -0.0248 (-1.27%).

2013 Avg (April) 1.9302

2012 Avg (April) 1.9549

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.9433	1.8714	1.8995
February	1.9332	1.8572	1.8977
March	1.9684	1.9110	1.9381
April	1.9697	1.8988	1.9302
May	1.9354	1.8839	1.9094
June	1.9625	1.8403	1.9014
July	1.8669	1.8034	1.8328
August	1.8199	1.7815	1.7978
September	1.8385	1.7658	1.8191
October	1.8387	1.7823	1.8062
November	1.8570	1.7548	1.8164
December	1.7710	1.7377	1.7534