2023 AZN to RSD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 AZN to RSD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the AZN to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 65.9008. Conversely, the yearly low was recorded on July 17, dropping to 61.3365.
This high-to-low spread represents a total annual volatility of 4.5643 RSD. From a start-to-finish perspective, comparing the January average rate of 64.0077 to the December average rate of 63.1388, the exchange rate registered a net change of -1.36% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 65.9008 was down 8.40% compared to the 2022 peak of 71.9426, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 AZN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
AZN to RSD 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 63.8100, compared to 63.7284 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0816 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was February, with a trading range of 2.7323 RSD (High: 65.4418 / Low: 62.7095). On the other end, August was the most stable month, with a tight range of 1.2450 RSD (High: 63.8923 / Low: 62.6474).
Growth Streaks & Declines
TrendsBetween 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 October and November, when the average rate fell by 1.5553 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2023: 65.2867) against the same month in 2022 (average: 70.1529), the exchange rate shifted by -4.8663 (-6.94%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 65.6118 | 63.2330 | 64.0077 |
| February | 65.4418 | 62.7095 | 64.4963 |
| March | 65.4196 | 63.2867 | 64.3877 |
| April | 63.6534 | 62.0989 | 62.8860 |
| May | 64.4975 | 62.2650 | 63.4866 |
| June | 64.4620 | 62.7706 | 63.5956 |
| July | 63.5344 | 61.3365 | 62.3586 |
| August | 63.8923 | 62.6474 | 63.2346 |
| September | 65.6776 | 63.9247 | 64.6200 |
| October | 65.9008 | 64.5929 | 65.2867 |
| November | 65.1135 | 62.6977 | 63.7314 |
| December | 64.0449 | 62.0459 | 63.1388 |