2023 RON to SGD Historical Review

YEARLY HIGH

0.3007 SGD

YEARLY LOW

0.2869 SGD

YEARLY AVERAGE

0.2936 SGD

2023 RON to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RON to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 0.3007. Conversely, the yearly low was recorded on January 8, dropping to 0.2869.

This high-to-low spread represents a total annual volatility of 0.0138 SGD. From a start-to-finish perspective, comparing the January average rate of 0.2900 to the December average rate of 0.2925, the exchange rate registered a net change of 0.87% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3007 was down 3.62% compared to the 2022 peak of 0.3120, 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 1,504 SGD

2022 Average 1,472 SGD

Yearly Trough Low 1,435 SGD

Transaction Impact: A difference of 68.99 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2996

0.2891

JanuMarcMayJulySeptNove

RON to SGD 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 0.2927, compared to 0.2945 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0018 points.

H1 Avg (Jan–Jun) 0.2927

H2 Avg (Jul–Dec) 0.2945

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0075 SGD (High: 0.2981 / Low: 0.2906). On the other end, August was the most stable month, with a tight range of 0.0034 SGD (High: 0.2999 / Low: 0.2965).

June Spread (Volatile) ±0.0075

August Spread (Stable) ±0.0034

Growth Streaks & Declines

Trends

Between January and April, 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 August and September, when the average rate fell by 0.0051 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0051

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.2988) against the same month in 2022 (average: 0.2879), the exchange rate shifted by +0.0108 (+3.77%).

2023 Avg (July) 0.2988

2022 Avg (July) 0.2879

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2930	0.2869	0.2900
February	0.2928	0.2891	0.2906
March	0.2938	0.2901	0.2914
April	0.2987	0.2914	0.2958
May	0.2987	0.2913	0.2941
June	0.2981	0.2906	0.2943
July	0.3007	0.2965	0.2988
August	0.2999	0.2965	0.2982
September	0.2958	0.2899	0.2931
October	0.2934	0.2890	0.2912
November	0.2955	0.2911	0.2934
December	0.2947	0.2905	0.2925