2023 TOP to RON Historical Review

YEARLY HIGH

1.9999 RON

YEARLY LOW

1.8687 RON

YEARLY AVERAGE

1.9366 RON

2023 TOP to RON Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TOP to RON exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 1.9999. Conversely, the yearly low was recorded on July 14, dropping to 1.8687.

This high-to-low spread represents a total annual volatility of 0.1312 RON. From a start-to-finish perspective, comparing the January average rate of 1.9609 to the December average rate of 1.9369, the exchange rate registered a net change of -1.22% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.9999 was down 5.98% compared to the 2022 peak of 2.1271, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 TOP based on timing:

Yearly Peak High 9,999 RON

2022 Average 10,054 RON

Yearly Trough Low 9,344 RON

Transaction Impact: A difference of 655.89 RON purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.9687

1.8972

JanuMarcMayJulySeptNove

TOP to RON 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 1.9433, compared to 1.9299 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0134 points.

H1 Avg (Jan–Jun) 1.9433

H2 Avg (Jul–Dec) 1.9299

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0738 RON (High: 1.9632 / Low: 1.8894). On the other end, August was the most stable month, with a tight range of 0.0209 RON (High: 1.9170 / Low: 1.8961).

May Spread (Volatile) ±0.0738

August Spread (Stable) ±0.0209

Growth Streaks & Declines

Trends

Between July and October, 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 June and July, when the average rate fell by 0.0372 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0372

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 1.9609) against the same month in 2022 (average: 1.9195), the exchange rate shifted by +0.0414 (+2.16%).

2023 Avg (January) 1.9609

2022 Avg (January) 1.9195

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.9999	1.9366	1.9609
February	1.9845	1.9249	1.9627
March	1.9757	1.9186	1.9508
April	1.9477	1.8903	1.9138
May	1.9632	1.8894	1.9313
June	1.9596	1.9185	1.9403
July	1.9372	1.8687	1.9031
August	1.9170	1.8961	1.9049
September	1.9800	1.9225	1.9454
October	1.9865	1.9363	1.9612
November	1.9514	1.9063	1.9276
December	1.9565	1.9182	1.9369