2023 JOD to RON Historical Review

YEARLY HIGH

6.6990 RON

YEARLY LOW

6.1971 RON

YEARLY AVERAGE

6.4496 RON

2023 JOD to RON Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JOD to RON exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 6.6990. Conversely, the yearly low was recorded on July 16, dropping to 6.1971.

This high-to-low spread represents a total annual volatility of 0.5019 RON. From a start-to-finish perspective, comparing the January average rate of 6.4391 to the December average rate of 6.4158, the exchange rate registered a net change of -0.36% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 6.6990 was down 7.83% compared to the 2022 peak of 7.2681, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 33,495 RON

2022 Average 33,063 RON

Yearly Trough Low 30,985 RON

Transaction Impact: A difference of 2,509.73 RON purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

6.6598

6.2688

JanuMarcMayJulySeptNove

JOD 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 6.4351, compared to 6.4642 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0291 points.

H1 Avg (Jan–Jun) 6.4351

H2 Avg (Jul–Dec) 6.4642

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.2983 RON (High: 6.5819 / Low: 6.2836). On the other end, August was the most stable month, with a tight range of 0.1319 RON (High: 6.4582 / Low: 6.3263).

February Spread (Volatile) ±0.2983

August Spread (Stable) ±0.1319

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 0.1498 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1498

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 6.6272) against the same month in 2022 (average: 7.0662), the exchange rate shifted by -0.4389 (-6.21%).

2023 Avg (October) 6.6272

2022 Avg (October) 7.0662

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	6.6071	6.3109	6.4391
February	6.5819	6.2836	6.4659
March	6.5729	6.3797	6.4852
April	6.4536	6.2893	6.3489
May	6.5403	6.2767	6.4218
June	6.5442	6.3646	6.4498
July	6.4274	6.1971	6.3014
August	6.4582	6.3263	6.3989
September	6.6716	6.4724	6.5642
October	6.6990	6.5668	6.6272
November	6.6169	6.3658	6.4774
December	6.5118	6.3112	6.4158