2023 ARS to RSD Historical Review

YEARLY HIGH

0.6238 RSD

YEARLY LOW

0.1306 RSD

YEARLY AVERAGE

0.4153 RSD

2023 ARS to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ARS to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 0.6238. Conversely, the yearly low was recorded on December 27, dropping to 0.1306.

This high-to-low spread represents a total annual volatility of 0.4932 RSD. From a start-to-finish perspective, comparing the January average rate of 0.5980 to the December average rate of 0.1971, the exchange rate registered a net change of -67.04% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.6238 was down 38.28% compared to the 2022 peak of 1.0106, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,119 RSD

2022 Average 4,364 RSD

Yearly Trough Low 653 RSD

Transaction Impact: A difference of 2,465.83 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6381

0.1570

JanuMarcMayJulySeptNove

ARS to RSD 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 0.5185, compared to 0.3121 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2065 points.

H1 Avg (Jan–Jun) 0.5185

H2 Avg (Jul–Dec) 0.3121

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.1688 RSD (High: 0.2994 / Low: 0.1306). On the other end, October was the most stable month, with a tight range of 0.0064 RSD (High: 0.3201 / Low: 0.3137).

December Spread (Volatile) ±0.1688

October Spread (Stable) ±0.0064

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.1098 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.1098

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.5980) against the same month in 2022 (average: 0.9996), the exchange rate shifted by -0.4016 (-40.18%).

2023 Avg (January) 0.5980

2022 Avg (January) 0.9996

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6238	0.5778	0.5980
February	0.5798	0.5616	0.5718
March	0.5594	0.5158	0.5408
April	0.5193	0.4767	0.4970
May	0.4789	0.4574	0.4678
June	0.4548	0.4187	0.4359
July	0.4212	0.3875	0.3993
August	0.3864	0.3067	0.3381
September	0.3190	0.3105	0.3140
October	0.3201	0.3137	0.3171
November	0.3163	0.2965	0.3068
December	0.2994	0.1306	0.1971