2024 RON to IRR Historical Review

YEARLY HIGH

9467.2859 IRR

YEARLY LOW

8789.8032 IRR

YEARLY AVERAGE

9154.6080 IRR

2024 RON to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the RON to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on August 23, valuing the pair at 9467.2859. Conversely, the yearly low was recorded on December 31, dropping to 8789.8032.

This high-to-low spread represents a total annual volatility of 677.4827 IRR. From a start-to-finish perspective, comparing the January average rate of 9220.9230 to the December average rate of 8879.9447, the exchange rate registered a net change of -3.70% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 9467.2859 was down 1.56% compared to the 2023 peak of 9617.1345, 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 47,336,430 IRR

2023 Average 46,162,541 IRR

Yearly Trough Low 43,949,016 IRR

Transaction Impact: A difference of 3,387,413.45 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

9454.5214

8827.7104

JanuMarcMayJulySeptNove

RON to IRR 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 9142.3898, compared to 9166.8262 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 24.4365 points.

H1 Avg (Jan–Jun) 9142.3898

H2 Avg (Jul–Dec) 9166.8262

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 447.5582 IRR (High: 9251.0989 / Low: 8803.5407). On the other end, March was the most stable month, with a tight range of 146.1729 IRR (High: 9270.3318 / Low: 9124.1589).

November Spread (Volatile) ±447.5582

March Spread (Stable) ±146.1729

Growth Streaks & Declines

Trends

Between June and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 234.5607 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -234.5607

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 9323.6589) against the same month in 2023 (average: 9332.5690), the exchange rate shifted by -8.9101 (-0.10%).

2024 Avg (August) 9323.6589

2023 Avg (August) 9332.5690

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	9346.6969	9129.6984	9220.9230
February	9196.3954	9044.3043	9121.3772
March	9270.3318	9124.1589	9191.5918
April	9199.5365	8979.4633	9068.6161
May	9207.2717	9058.7513	9146.2305
June	9253.2717	9031.8462	9105.6001
July	9263.6410	9079.7791	9188.4897
August	9467.2859	9125.9431	9323.6589
September	9466.8601	9320.6269	9402.2872
October	9358.8090	9122.7785	9220.5688
November	9251.0989	8803.5407	8986.0082
December	8952.1136	8789.8032	8879.9447