2015 TOP to RON Historical Review

YEARLY HIGH

2.0991 RON

YEARLY LOW

1.7224 RON

YEARLY AVERAGE

1.8938 RON

2015 TOP to RON Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the TOP to RON exchange rate experienced significant fluctuation. The market reached its absolute peak on March 15, valuing the pair at 2.0991. Conversely, the yearly low was recorded on October 14, dropping to 1.7224.

This high-to-low spread represents a total annual volatility of 0.3767 RON. From a start-to-finish perspective, comparing the January average rate of 1.9471 to the December average rate of 1.8437, the exchange rate registered a net change of -5.31% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2015 high of 2.0991 was up 11.99% compared to the 2014 peak of 1.8744, 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 10,495 RON

2014 Average 8,872 RON

Yearly Trough Low 8,612 RON

Transaction Impact: A difference of 1,883.49 RON purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

2.0592

1.7414

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 1.9687, compared to 1.8189 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1498 points.

H1 Avg (Jan–Jun) 1.9687

H2 Avg (Jul–Dec) 1.8189

Volatility Range Comparison

Volatility

The most volatile month in 2015 was June, with a trading range of 0.1234 RON (High: 1.9745 / Low: 1.8511). On the other end, November was the most stable month, with a tight range of 0.0593 RON (High: 1.8792 / Low: 1.8199).

June Spread (Volatile) ±0.1234

November Spread (Stable) ±0.0593

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2015. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0796 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0796

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2015: 2.0327) against the same month in 2014 (average: 1.7507), the exchange rate shifted by +0.2820 (+16.11%).

2015 Avg (March) 2.0327

2014 Avg (March) 1.7507

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.0090	1.8863	1.9471
February	1.9842	1.8985	1.9460
March	2.0991	1.9853	2.0327
April	2.0547	1.9510	2.0161
May	2.0177	1.9131	1.9646
June	1.9745	1.8511	1.9056
July	1.9030	1.8084	1.8665
August	1.8207	1.7290	1.7869
September	1.8350	1.7365	1.7850
October	1.8300	1.7224	1.7678
November	1.8792	1.8199	1.8633
December	1.8723	1.8001	1.8437