2023 RON to KES Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 RON to KES Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the RON to KES exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 34.9487. Conversely, the yearly low was recorded on January 5, dropping to 26.3742.
This high-to-low spread represents a total annual volatility of 8.5745 KES. From a start-to-finish perspective, comparing the January average rate of 27.1392 to the December average rate of 33.9405, the exchange rate registered a net change of 25.06% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 34.9487 was up 30.72% compared to the 2022 peak of 26.7357, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 RON based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
RON to KES Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 28.8597, compared to 32.2813 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.4216 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was July, with a trading range of 1.8502 KES (High: 32.2694 / Low: 30.4193). On the other end, September was the most stable month, with a tight range of 0.6100 KES (High: 31.8125 / Low: 31.2025).
Growth Streaks & Declines
TrendsBetween January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.1776 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 33.9405) against the same month in 2022 (average: 26.4809), the exchange rate shifted by +7.4596 (+28.17%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 27.7915 | 26.3742 | 27.1392 |
| February | 27.9376 | 27.1273 | 27.3904 |
| March | 29.0341 | 27.4612 | 28.1633 |
| April | 30.3965 | 28.9415 | 29.8362 |
| May | 30.5219 | 29.6561 | 30.1197 |
| June | 31.0217 | 29.6589 | 30.5095 |
| July | 32.2694 | 30.4193 | 31.6471 |
| August | 32.1653 | 31.2451 | 31.7301 |
| September | 31.8125 | 31.2025 | 31.5525 |
| October | 32.2040 | 31.2270 | 31.7465 |
| November | 33.7909 | 32.0394 | 33.0710 |
| December | 34.9487 | 33.2228 | 33.9405 |