2023 RON to CVE Historical Review

YEARLY HIGH

22.8428 CVE

YEARLY LOW

21.9808 CVE

YEARLY AVERAGE

22.3202 CVE

2023 RON to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RON to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 22.8428. Conversely, the yearly low was recorded on September 14, dropping to 21.9808.

This high-to-low spread represents a total annual volatility of 0.8620 CVE. From a start-to-finish perspective, comparing the January average rate of 22.4362 to the December average rate of 22.2278, the exchange rate registered a net change of -0.93% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 22.8428 was down 2.95% compared to the 2022 peak of 23.5365, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 114,214 CVE

2022 Average 112,092 CVE

Yearly Trough Low 109,904 CVE

Transaction Impact: A difference of 4,309.82 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

22.4956

22.1748

JanuMarcMayJulySeptNove

RON to CVE 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 22.3799, compared to 22.2604 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1195 points.

H1 Avg (Jan–Jun) 22.3799

H2 Avg (Jul–Dec) 22.2604

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.7517 CVE (High: 22.8428 / Low: 22.0911). On the other end, August was the most stable month, with a tight range of 0.2368 CVE (High: 22.4523 / Low: 22.2155).

December Spread (Volatile) ±0.7517

August Spread (Stable) ±0.2368

Growth Streaks & Declines

Trends

Between September and November, 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 August and September, when the average rate fell by 0.1165 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.1165

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 22.2278) against the same month in 2022 (average: 22.4589), the exchange rate shifted by -0.2311 (-1.03%).

2023 Avg (December) 22.2278

2022 Avg (December) 22.4589

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	22.6520	22.0878	22.4362
February	22.7431	22.2670	22.4688
March	22.5693	22.1610	22.4002
April	22.4639	22.0941	22.3590
May	22.4955	22.0840	22.3147
June	22.7861	22.1618	22.3006
July	22.6572	22.1365	22.3391
August	22.4523	22.2155	22.3180
September	22.2953	21.9808	22.2015
October	22.4266	22.0479	22.2225
November	22.6605	22.1088	22.2536
December	22.8428	22.0911	22.2278