2023 BAM to RSD Historical Review

YEARLY HIGH

60.7676 RSD

YEARLY LOW

59.0389 RSD

YEARLY AVERAGE

59.9581 RSD

2023 BAM to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BAM to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 27, valuing the pair at 60.7676. Conversely, the yearly low was recorded on January 8, dropping to 59.0389.

This high-to-low spread represents a total annual volatility of 1.7287 RSD. From a start-to-finish perspective, comparing the January average rate of 59.8662 to the December average rate of 59.9014, the exchange rate registered a net change of 0.06% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 60.7676 was down 0.75% compared to the 2022 peak of 61.2266, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 303,838 RSD

2022 Average 300,301 RSD

Yearly Trough Low 295,195 RSD

Transaction Impact: A difference of 8,643.53 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

60.0888

59.8459

JanuMarcMayJulySeptNove

BAM 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 59.9578, compared to 59.9584 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0006 points.

H1 Avg (Jan–Jun) 59.9578

H2 Avg (Jul–Dec) 59.9584

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 1.4591 RSD (High: 60.7676 / Low: 59.3085). On the other end, April was the most stable month, with a tight range of 0.7021 RSD (High: 60.2668 / Low: 59.5647).

July Spread (Volatile) ±1.4591

April Spread (Stable) ±0.7021

Growth Streaks & Declines

Trends

Between June and September, 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 February and March, when the average rate fell by 0.1350 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1350

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 59.9406) against the same month in 2022 (average: 60.0330), the exchange rate shifted by -0.0924 (-0.15%).

2023 Avg (July) 59.9406

2022 Avg (July) 60.0330

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	60.4838	59.0389	59.8662
February	60.7335	59.3759	60.0548
March	60.6131	59.5207	59.9199
April	60.2668	59.5647	59.9856
May	60.4587	59.6682	60.0143
June	60.2990	59.3347	59.9060
July	60.7676	59.3085	59.9406
August	60.2847	59.5794	59.9840
September	60.5397	59.8267	60.0686
October	60.4406	59.5615	59.9740
November	60.2369	59.5098	59.8817
December	60.2727	59.3556	59.9014