2023 RON to GNF Historical Review

YEARLY HIGH

1959.9513 GNF

YEARLY LOW

1812.6107 GNF

YEARLY AVERAGE

1884.6518 GNF

2023 RON to GNF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RON to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 1959.9513. Conversely, the yearly low was recorded on October 3, dropping to 1812.6107.

This high-to-low spread represents a total annual volatility of 147.3406 GNF. From a start-to-finish perspective, comparing the January average rate of 1897.4302 to the December average rate of 1890.0730, the exchange rate registered a net change of -0.39% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1959.9513 was down 8.55% compared to the 2022 peak of 2143.1362, 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 9,799,756 GNF

2022 Average 9,416,919 GNF

Yearly Trough Low 9,063,053 GNF

Transaction Impact: A difference of 736,703.08 GNF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1935.9259

1819.6230

JanuMarcMayJulySeptNove

RON to GNF 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 1891.2766, compared to 1878.0269 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 13.2496 points.

H1 Avg (Jan–Jun) 1891.2766

H2 Avg (Jul–Dec) 1878.0269

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 96.2504 GNF (High: 1952.5616 / Low: 1856.3112). On the other end, October was the most stable month, with a tight range of 36.4325 GNF (High: 1849.0432 / Low: 1812.6107).

January Spread (Volatile) ±96.2504

October Spread (Stable) ±36.4325

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 50.8882 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -50.8882

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 1926.2340) against the same month in 2022 (average: 1792.8878), the exchange rate shifted by +133.3462 (+7.44%).

2023 Avg (July) 1926.2340

2022 Avg (July) 1792.8878

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1952.5616	1856.3112	1897.4302
February	1931.3626	1843.9299	1884.8274
March	1901.2597	1839.8430	1877.1372
April	1928.5204	1879.5010	1909.6145
May	1935.6936	1854.9536	1893.3790
June	1909.2617	1859.9477	1885.2713
July	1959.9513	1878.9566	1926.2340
August	1925.0496	1878.3662	1900.7667
September	1875.1950	1819.6967	1849.8786
October	1849.0432	1812.6107	1829.3149
November	1901.8132	1832.1210	1871.8944
December	1916.7119	1862.6841	1890.0730