2023 RON to ETB Historical Review

YEARLY HIGH

12.5590 ETB

YEARLY LOW

11.4485 ETB

YEARLY AVERAGE

11.9694 ETB

2023 RON to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RON to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 12.5590. Conversely, the yearly low was recorded on January 5, dropping to 11.4485.

This high-to-low spread represents a total annual volatility of 1.1105 ETB. From a start-to-finish perspective, comparing the January average rate of 11.7433 to the December average rate of 12.3397, the exchange rate registered a net change of 5.08% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 12.5590 was up 7.69% compared to the 2022 peak of 11.6617, 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 62,795 ETB

2022 Average 55,460 ETB

Yearly Trough Low 57,243 ETB

Transaction Impact: A difference of 5,552.66 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

12.4054

11.6169

JanuMarcMayJulySeptNove

RON to ETB 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 11.8384, compared to 12.1004 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2620 points.

H1 Avg (Jan–Jun) 11.8384

H2 Avg (Jul–Dec) 12.1004

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.5297 ETB (High: 11.9782 / Low: 11.4485). On the other end, August was the most stable month, with a tight range of 0.2382 ETB (High: 12.2695 / Low: 12.0313).

January Spread (Volatile) ±0.5297

August Spread (Stable) ±0.2382

Growth Streaks & Declines

Trends

Between October and December, 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 0.2868 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.2868

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 12.3397) against the same month in 2022 (average: 11.5225), the exchange rate shifted by +0.8172 (+7.09%).

2023 Avg (December) 12.3397

2022 Avg (December) 11.5225

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11.9782	11.4485	11.7433
February	12.0390	11.5234	11.7094
March	11.8989	11.5028	11.6826
April	12.1794	11.7580	12.0292
May	12.2171	11.7159	11.9363
June	12.1315	11.7239	11.9299
July	12.5144	12.0132	12.2704
August	12.2695	12.0313	12.1583
September	12.0677	11.6830	11.8715
October	11.9512	11.6890	11.8281
November	12.3427	11.8621	12.1346
December	12.5590	12.0824	12.3397