2011 VEF to RON Historical Review

YEARLY HIGH

0.7791 RON

YEARLY LOW

0.6392 RON

YEARLY AVERAGE

0.7098 RON

2011 VEF to RON Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the VEF to RON exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 0.7791. Conversely, the yearly low was recorded on May 1, dropping to 0.6392.

This high-to-low spread represents a total annual volatility of 0.1399 RON. From a start-to-finish perspective, comparing the January average rate of 0.7429 to the December average rate of 0.7649, the exchange rate registered a net change of 2.96% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.7791 was down 43.23% compared to the 2010 peak of 1.3723, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,896 RON

2010 Average 3,796 RON

Yearly Trough Low 3,196 RON

Transaction Impact: A difference of 699.43 RON purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.7753

0.6500

JanuMarcMayJulySeptNove

VEF 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 0.6942, compared to 0.7254 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0312 points.

H1 Avg (Jan–Jun) 0.6942

H2 Avg (Jul–Dec) 0.7254

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.0622 RON (High: 0.7522 / Low: 0.6900). On the other end, August was the most stable month, with a tight range of 0.0262 RON (High: 0.7068 / Low: 0.6806).

September Spread (Volatile) ±0.0622

August Spread (Stable) ±0.0262

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 February and March, when the average rate fell by 0.0323 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0323

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 0.7649) against the same month in 2010 (average: 0.7560), the exchange rate shifted by +0.0089 (+1.17%).

2011 Avg (December) 0.7649

2010 Avg (December) 0.7560

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7689	0.7242	0.7429
February	0.7358	0.7084	0.7242
March	0.7094	0.6740	0.6918
April	0.6810	0.6392	0.6604
May	0.6846	0.6392	0.6675
June	0.7000	0.6598	0.6784
July	0.7131	0.6732	0.6909
August	0.7068	0.6806	0.6908
September	0.7522	0.6900	0.7234
October	0.7627	0.7086	0.7338
November	0.7683	0.7342	0.7484
December	0.7791	0.7521	0.7649