2019 TOP to RON Historical Review

YEARLY HIGH

1.9263 RON

YEARLY LOW

1.7838 RON

YEARLY AVERAGE

1.8508 RON

2019 TOP to RON Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the TOP to RON exchange rate experienced significant fluctuation. The market reached its absolute peak on April 1, valuing the pair at 1.9263. Conversely, the yearly low was recorded on January 1, dropping to 1.7838.

This high-to-low spread represents a total annual volatility of 0.1425 RON. From a start-to-finish perspective, comparing the January average rate of 1.8176 to the December average rate of 1.8700, the exchange rate registered a net change of 2.88% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 1.9263 was up 5.21% compared to the 2018 peak of 1.8309, 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 9,632 RON

2018 Average 8,675 RON

Yearly Trough Low 8,919 RON

Transaction Impact: A difference of 712.37 RON purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

1.8752

1.8123

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 1.8472, compared to 1.8544 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0072 points.

H1 Avg (Jan–Jun) 1.8472

H2 Avg (Jul–Dec) 1.8544

Volatility Range Comparison

Volatility

The most volatile month in 2019 was April, with a trading range of 0.0847 RON (High: 1.9263 / Low: 1.8416). On the other end, February was the most stable month, with a tight range of 0.0169 RON (High: 1.8616 / Low: 1.8448).

April Spread (Volatile) ±0.0847

February Spread (Stable) ±0.0169

Growth Streaks & Declines

Trends

Between January and April, 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 May and June, when the average rate fell by 0.0279 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0279

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2019: 1.8666) against the same month in 2018 (average: 1.7073), the exchange rate shifted by +0.1592 (+9.33%).

2019 Avg (April) 1.8666

2018 Avg (April) 1.7073

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.8621	1.7838	1.8176
February	1.8616	1.8448	1.8538
March	1.8791	1.8415	1.8606
April	1.9263	1.8416	1.8666
May	1.8664	1.8473	1.8563
June	1.8528	1.8102	1.8284
July	1.8660	1.8307	1.8503
August	1.8599	1.8227	1.8370
September	1.8908	1.8421	1.8569
October	1.8631	1.8291	1.8490
November	1.8838	1.8375	1.8629
December	1.8800	1.8572	1.8700