2024 RON to LRD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 RON to LRD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the RON to LRD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 20, valuing the pair at 44.9579. Conversely, the yearly low was recorded on December 18, dropping to 37.6605.
This high-to-low spread represents a total annual volatility of 7.2975 LRD. From a start-to-finish perspective, comparing the January average rate of 41.4756 to the December average rate of 38.0123, the exchange rate registered a net change of -8.35% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 44.9579 was up 6.84% compared to the 2023 peak of 42.0798, 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 2024.
RON to LRD 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 41.7409, compared to 41.5414 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1995 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was November, with a trading range of 4.3909 LRD (High: 42.0746 / Low: 37.6837). On the other end, January was the most stable month, with a tight range of 0.5819 LRD (High: 41.8387 / Low: 41.2568).
Growth Streaks & Declines
TrendsBetween 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 2.6887 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 43.6735) against the same month in 2023 (average: 40.0620), the exchange rate shifted by +3.6115 (+9.01%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 41.8387 | 41.2568 | 41.4756 |
| February | 41.7529 | 40.9907 | 41.3270 |
| March | 42.4376 | 41.8258 | 42.0738 |
| April | 42.1987 | 40.1341 | 41.5455 |
| May | 42.3616 | 41.6514 | 42.0605 |
| June | 42.4878 | 41.5941 | 41.9630 |
| July | 42.9455 | 41.9606 | 42.5367 |
| August | 43.8587 | 42.3749 | 43.3097 |
| September | 44.9579 | 43.1641 | 43.6735 |
| October | 43.0889 | 41.6803 | 42.2024 |
| November | 42.0746 | 37.6837 | 39.5137 |
| December | 38.2827 | 37.6605 | 38.0123 |