2023 NOK to RON Historical Review

YEARLY HIGH

0.4735 RON

YEARLY LOW

0.4137 RON

YEARLY AVERAGE

0.4335 RON

2023 NOK to RON Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NOK to RON exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.4735. Conversely, the yearly low was recorded on May 3, dropping to 0.4137.

This high-to-low spread represents a total annual volatility of 0.0598 RON. From a start-to-finish perspective, comparing the January average rate of 0.4602 to the December average rate of 0.4330, the exchange rate registered a net change of -5.91% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4735 was down 9.60% compared to the 2022 peak of 0.5238, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,368 RON

2022 Average 2,441 RON

Yearly Trough Low 2,068 RON

Transaction Impact: A difference of 299.21 RON purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4641

0.4175

JanuMarcMayJulySeptNove

NOK 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 0.4365, compared to 0.4305 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0060 points.

H1 Avg (Jan–Jun) 0.4365

H2 Avg (Jul–Dec) 0.4305

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.0234 RON (High: 0.4435 / Low: 0.4202). On the other end, February was the most stable month, with a tight range of 0.0109 RON (High: 0.4525 / Low: 0.4416).

December Spread (Volatile) ±0.0234

February Spread (Stable) ±0.0109

Growth Streaks & Declines

Trends

Between May and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0126 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0126

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.4602) against the same month in 2022 (average: 0.4935), the exchange rate shifted by -0.0332 (-6.73%).

2023 Avg (January) 0.4602

2022 Avg (January) 0.4935

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4735	0.4532	0.4602
February	0.4525	0.4416	0.4476
March	0.4461	0.4310	0.4367
April	0.4404	0.4192	0.4287
May	0.4287	0.4137	0.4214
June	0.4317	0.4175	0.4240
July	0.4430	0.4227	0.4347
August	0.4434	0.4259	0.4326
September	0.4407	0.4298	0.4336
October	0.4376	0.4192	0.4274
November	0.4267	0.4151	0.4214
December	0.4435	0.4202	0.4330