2023 RON to NOK Historical Review

YEARLY HIGH

2.4174 NOK

YEARLY LOW

2.1119 NOK

YEARLY AVERAGE

2.3087 NOK

2023 RON to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RON to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on May 3, valuing the pair at 2.4174. Conversely, the yearly low was recorded on January 1, dropping to 2.1119.

This high-to-low spread represents a total annual volatility of 0.3055 NOK. From a start-to-finish perspective, comparing the January average rate of 2.1730 to the December average rate of 2.3101, the exchange rate registered a net change of 6.31% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.4174 was up 12.23% compared to the 2022 peak of 2.1540, 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 12,087 NOK

2022 Average 10,248 NOK

Yearly Trough Low 10,560 NOK

Transaction Impact: A difference of 1,527.58 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.3933

2.1530

JanuMarcMayJulySeptNove

RON to NOK 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 2.2936, compared to 2.3237 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0301 points.

H1 Avg (Jan–Jun) 2.2936

H2 Avg (Jul–Dec) 2.3237

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.1253 NOK (High: 2.3799 / Low: 2.2546). On the other end, February was the most stable month, with a tight range of 0.0546 NOK (High: 2.2647 / Low: 2.2101).

December Spread (Volatile) ±0.1253

February Spread (Stable) ±0.0546

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0629 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0629

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 2.3732) against the same month in 2022 (average: 2.0518), the exchange rate shifted by +0.3214 (+15.66%).

2023 Avg (May) 2.3732

2022 Avg (May) 2.0518

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2065	2.1119	2.1730
February	2.2647	2.2101	2.2340
March	2.3200	2.2415	2.2899
April	2.3854	2.2704	2.3330
May	2.4174	2.3324	2.3732
June	2.3955	2.3162	2.3587
July	2.3659	2.2571	2.3010
August	2.3480	2.2551	2.3119
September	2.3268	2.2691	2.3065
October	2.3853	2.2853	2.3399
November	2.4092	2.3435	2.3731
December	2.3799	2.2546	2.3101