2018 TOP to RON Historical Review

YEARLY HIGH

1.8309 RON

YEARLY LOW

1.6738 RON

YEARLY AVERAGE

1.7349 RON

2018 TOP to RON Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the TOP to RON exchange rate experienced significant fluctuation. The market reached its absolute peak on December 16, valuing the pair at 1.8309. Conversely, the yearly low was recorded on January 27, dropping to 1.6738.

This high-to-low spread represents a total annual volatility of 0.1571 RON. From a start-to-finish perspective, comparing the January average rate of 1.6968 to the December average rate of 1.7948, the exchange rate registered a net change of 5.77% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 1.8309 was down 4.34% compared to the 2017 peak of 1.9138, 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 9,154 RON

2017 Average 8,937 RON

Yearly Trough Low 8,369 RON

Transaction Impact: A difference of 785.26 RON purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

1.8046

1.6871

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 1.7148, compared to 1.7550 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0402 points.

H1 Avg (Jan–Jun) 1.7148

H2 Avg (Jul–Dec) 1.7550

Volatility Range Comparison

Volatility

The most volatile month in 2018 was August, with a trading range of 0.0669 RON (High: 1.7801 / Low: 1.7132). On the other end, September was the most stable month, with a tight range of 0.0272 RON (High: 1.7376 / Low: 1.7104).

August Spread (Volatile) ±0.0669

September Spread (Stable) ±0.0272

Growth Streaks & Declines

Trends

Between March and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0297 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0297

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2018: 1.7948) against the same month in 2017 (average: 1.7115), the exchange rate shifted by +0.0833 (+4.87%).

2018 Avg (December) 1.7948

2017 Avg (December) 1.7115

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.7263	1.6738	1.6968
February	1.7223	1.6755	1.7030
March	1.7117	1.6838	1.7000
April	1.7430	1.6862	1.7073
May	1.7687	1.7062	1.7340
June	1.7740	1.7307	1.7478
July	1.7366	1.7043	1.7181
August	1.7801	1.7132	1.7419
September	1.7376	1.7104	1.7253
October	1.7900	1.7438	1.7625
November	1.8092	1.7747	1.7873
December	1.8309	1.7710	1.7948