2023 NZD to RON Historical Review

YEARLY HIGH

2.9568 RON

YEARLY LOW

2.6867 RON

YEARLY AVERAGE

2.8090 RON

2023 NZD to RON Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NZD to RON exchange rate experienced significant fluctuation. The market reached its absolute peak on January 8, valuing the pair at 2.9568. Conversely, the yearly low was recorded on August 21, dropping to 2.6867.

This high-to-low spread represents a total annual volatility of 0.2701 RON. From a start-to-finish perspective, comparing the January average rate of 2.9258 to the December average rate of 2.8348, the exchange rate registered a net change of -3.11% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.9568 was down 6.09% compared to the 2022 peak of 3.1486, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 14,784 RON

2022 Average 14,873 RON

Yearly Trough Low 13,433 RON

Transaction Impact: A difference of 1,350.67 RON purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.9471

2.6915

JanuMarcMayJulySeptNove

NZD 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 2.8491, compared to 2.7689 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0802 points.

H1 Avg (Jan–Jun) 2.8491

H2 Avg (Jul–Dec) 2.7689

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.1311 RON (High: 2.8956 / Low: 2.7645). On the other end, December was the most stable month, with a tight range of 0.0381 RON (High: 2.8500 / Low: 2.8119).

May Spread (Volatile) ±0.1311

December Spread (Stable) ±0.0381

Growth Streaks & Declines

Trends

Between August and October, 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 July and August, when the average rate fell by 0.0682 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0682

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 2.9258) against the same month in 2022 (average: 2.9438), the exchange rate shifted by -0.0180 (-0.61%).

2023 Avg (January) 2.9258

2022 Avg (January) 2.9438

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.9568	2.9051	2.9258
February	2.9122	2.8610	2.8807
March	2.8951	2.8196	2.8560
April	2.8585	2.7375	2.7969
May	2.8956	2.7645	2.8279
June	2.8331	2.7610	2.8073
July	2.8202	2.7349	2.7810
August	2.7510	2.6867	2.7128
September	2.8210	2.7165	2.7577
October	2.8307	2.7215	2.7716
November	2.8097	2.7305	2.7555
December	2.8500	2.8119	2.8348