2023 PEN to RON Historical Review

YEARLY HIGH

1.2641 RON

YEARLY LOW

1.1472 RON

YEARLY AVERAGE

1.2233 RON

2023 PEN to RON Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PEN to RON exchange rate experienced significant fluctuation. The market reached its absolute peak on June 13, valuing the pair at 1.2641. Conversely, the yearly low was recorded on January 26, dropping to 1.1472.

This high-to-low spread represents a total annual volatility of 0.1168 RON. From a start-to-finish perspective, comparing the January average rate of 1.1950 to the December average rate of 1.2182, the exchange rate registered a net change of 1.95% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.2641 was down 3.75% compared to the 2022 peak of 1.3133, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 6,320 RON

2022 Average 6,115 RON

Yearly Trough Low 5,736 RON

Transaction Impact: A difference of 584.16 RON purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.2609

1.1890

JanuMarcMayJulySeptNove

PEN 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 1.2165, compared to 1.2300 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0135 points.

H1 Avg (Jan–Jun) 1.2165

H2 Avg (Jul–Dec) 1.2300

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0848 RON (High: 1.2320 / Low: 1.1472). On the other end, June was the most stable month, with a tight range of 0.0225 RON (High: 1.2641 / Low: 1.2416).

January Spread (Volatile) ±0.0848

June Spread (Stable) ±0.0225

Growth Streaks & Declines

Trends

Between January and March, 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 September and October, when the average rate fell by 0.0244 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0244

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 1.2549) against the same month in 2022 (average: 1.2492), the exchange rate shifted by +0.0057 (+0.46%).

2023 Avg (June) 1.2549

2022 Avg (June) 1.2492

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.2320	1.1472	1.1950
February	1.2267	1.1591	1.1954
March	1.2351	1.1965	1.2182
April	1.2181	1.1839	1.1988
May	1.2633	1.1998	1.2369
June	1.2641	1.2416	1.2549
July	1.2594	1.2292	1.2419
August	1.2425	1.2165	1.2273
September	1.2609	1.2372	1.2492
October	1.2515	1.2011	1.2248
November	1.2361	1.1848	1.2186
December	1.2333	1.1964	1.2182