2023 HNL to RON Historical Review

YEARLY HIGH

0.1915 RON

YEARLY LOW

0.1781 RON

YEARLY AVERAGE

0.1855 RON

2023 HNL to RON Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HNL to RON exchange rate experienced significant fluctuation. The market reached its absolute peak on October 13, valuing the pair at 0.1915. Conversely, the yearly low was recorded on July 13, dropping to 0.1781.

This high-to-low spread represents a total annual volatility of 0.0134 RON. From a start-to-finish perspective, comparing the January average rate of 0.1852 to the December average rate of 0.1842, the exchange rate registered a net change of -0.55% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1915 was down 8.38% compared to the 2022 peak of 0.2090, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 958 RON

2022 Average 953 RON

Yearly Trough Low 890 RON

Transaction Impact: A difference of 67.13 RON purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1912

0.1806

JanuMarcMayJulySeptNove

HNL 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 0.1853, compared to 0.1857 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0004 points.

H1 Avg (Jan–Jun) 0.1853

H2 Avg (Jul–Dec) 0.1857

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0086 RON (High: 0.1893 / Low: 0.1807). On the other end, October was the most stable month, with a tight range of 0.0030 RON (High: 0.1915 / Low: 0.1885).

February Spread (Volatile) ±0.0086

October Spread (Stable) ±0.0030

Growth Streaks & Declines

Trends

Between July and October, 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 October and November, when the average rate fell by 0.0041 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0041

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.1903) against the same month in 2022 (average: 0.2024), the exchange rate shifted by -0.0120 (-5.95%).

2023 Avg (October) 0.1903

2022 Avg (October) 0.2024

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1898	0.1813	0.1852
February	0.1893	0.1807	0.1861
March	0.1898	0.1835	0.1868
April	0.1858	0.1815	0.1832
May	0.1885	0.1808	0.1850
June	0.1880	0.1828	0.1854
July	0.1859	0.1781	0.1815
August	0.1857	0.1820	0.1840
September	0.1910	0.1855	0.1878
October	0.1915	0.1885	0.1903
November	0.1899	0.1826	0.1862
December	0.1870	0.1812	0.1842