2023 CVE to RON Historical Review

YEARLY HIGH

0.0455 RON

YEARLY LOW

0.0438 RON

YEARLY AVERAGE

0.0448 RON

2023 CVE to RON Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CVE to RON exchange rate experienced significant fluctuation. The market reached its absolute peak on September 14, valuing the pair at 0.0455. Conversely, the yearly low was recorded on December 14, dropping to 0.0438.

This high-to-low spread represents a total annual volatility of 0.0017 RON. From a start-to-finish perspective, comparing the January average rate of 0.0446 to the December average rate of 0.0450, the exchange rate registered a net change of 0.94% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0455 was down 3.78% compared to the 2022 peak of 0.0473, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 227 RON

2022 Average 223 RON

Yearly Trough Low 219 RON

Transaction Impact: A difference of 8.58 RON purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0451

0.0445

JanuMarcMayJulySeptNove

CVE 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 0.0447, compared to 0.0449 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.0447

H2 Avg (Jul–Dec) 0.0449

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.0015 RON (High: 0.0453 / Low: 0.0438). On the other end, August was the most stable month, with a tight range of 0.0005 RON (High: 0.0450 / Low: 0.0445).

December Spread (Volatile) ±0.0015

August Spread (Stable) ±0.0005

Growth Streaks & Declines

Trends

Between February and June, 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 June and July, when the average rate fell by 0.0001 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2023: 0.0450) against the same month in 2022 (average: 0.0446), the exchange rate shifted by +0.0005 (+1.08%).

2023 Avg (September) 0.0450

2022 Avg (September) 0.0446

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0453	0.0441	0.0446
February	0.0449	0.0440	0.0445
March	0.0451	0.0443	0.0446
April	0.0453	0.0445	0.0447
May	0.0453	0.0445	0.0448
June	0.0451	0.0439	0.0448
July	0.0452	0.0441	0.0448
August	0.0450	0.0445	0.0448
September	0.0455	0.0449	0.0450
October	0.0454	0.0446	0.0450
November	0.0452	0.0441	0.0449
December	0.0453	0.0438	0.0450