2016 TOP to RON Historical Review

YEARLY HIGH

1.9217 RON

YEARLY LOW

1.7235 RON

YEARLY AVERAGE

1.8026 RON

2016 TOP to RON Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the TOP to RON exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 1.9217. Conversely, the yearly low was recorded on February 7, dropping to 1.7235.

This high-to-low spread represents a total annual volatility of 0.1982 RON. From a start-to-finish perspective, comparing the January average rate of 1.8491 to the December average rate of 1.8822, the exchange rate registered a net change of 1.79% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 1.9217 was down 8.45% compared to the 2015 peak of 2.0991, 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 9,609 RON

2015 Average 9,467 RON

Yearly Trough Low 8,617 RON

Transaction Impact: A difference of 991.18 RON purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

1.8942

1.7499

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 1.7890, compared to 1.8161 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0271 points.

H1 Avg (Jan–Jun) 1.7890

H2 Avg (Jul–Dec) 1.8161

Volatility Range Comparison

Volatility

The most volatile month in 2016 was October, with a trading range of 0.1178 RON (High: 1.8750 / Low: 1.7572). On the other end, September was the most stable month, with a tight range of 0.0248 RON (High: 1.7765 / Low: 1.7517).

October Spread (Volatile) ±0.1178

September Spread (Stable) ±0.0248

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 January and February, when the average rate fell by 0.0754 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0754

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2016: 1.8822) against the same month in 2015 (average: 1.8437), the exchange rate shifted by +0.0385 (+2.09%).

2016 Avg (December) 1.8822

2015 Avg (December) 1.8437

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.8785	1.8113	1.8491
February	1.8144	1.7235	1.7736
March	1.8091	1.7598	1.7804
April	1.8037	1.7480	1.7698
May	1.7854	1.7466	1.7687
June	1.8419	1.7446	1.7926
July	1.8130	1.7476	1.7889
August	1.7837	1.7450	1.7619
September	1.7765	1.7517	1.7645
October	1.8750	1.7572	1.8325
November	1.9019	1.7944	1.8666
December	1.9217	1.8591	1.8822