2023 MAD to RON Historical Review

YEARLY HIGH

0.4670 RON

YEARLY LOW

0.4381 RON

YEARLY AVERAGE

0.4519 RON

2023 MAD to RON Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MAD to RON exchange rate experienced significant fluctuation. The market reached its absolute peak on July 5, valuing the pair at 0.4670. Conversely, the yearly low was recorded on February 1, dropping to 0.4381.

This high-to-low spread represents a total annual volatility of 0.0289 RON. From a start-to-finish perspective, comparing the January average rate of 0.4464 to the December average rate of 0.4533, the exchange rate registered a net change of 1.54% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4670 was down 3.20% compared to the 2022 peak of 0.4825, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,335 RON

2022 Average 2,309 RON

Yearly Trough Low 2,191 RON

Transaction Impact: A difference of 144.37 RON purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4603

0.4432

JanuMarcMayJulySeptNove

MAD 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 0.4480, compared to 0.4557 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0077 points.

H1 Avg (Jan–Jun) 0.4480

H2 Avg (Jul–Dec) 0.4557

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.0186 RON (High: 0.4658 / Low: 0.4472). On the other end, November was the most stable month, with a tight range of 0.0086 RON (High: 0.4567 / Low: 0.4481).

August Spread (Volatile) ±0.0186

November Spread (Stable) ±0.0086

Growth Streaks & Declines

Trends

Between April and July, 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 0.0055 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0055

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.4589) against the same month in 2022 (average: 0.4734), the exchange rate shifted by -0.0145 (-3.07%).

2023 Avg (July) 0.4589

2022 Avg (July) 0.4734

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4540	0.4415	0.4464
February	0.4482	0.4381	0.4453
March	0.4520	0.4389	0.4455
April	0.4518	0.4402	0.4446
May	0.4564	0.4446	0.4508
June	0.4598	0.4500	0.4553
July	0.4670	0.4520	0.4589
August	0.4658	0.4472	0.4576
September	0.4602	0.4487	0.4546
October	0.4628	0.4511	0.4577
November	0.4567	0.4481	0.4522
December	0.4566	0.4472	0.4533