2023 BGN to RSD Historical Review

YEARLY HIGH

60.7755 RSD

YEARLY LOW

59.3911 RSD

YEARLY AVERAGE

59.9563 RSD

2023 BGN to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BGN to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 14, valuing the pair at 60.7755. Conversely, the yearly low was recorded on February 1, dropping to 59.3911.

This high-to-low spread represents a total annual volatility of 1.3845 RSD. From a start-to-finish perspective, comparing the January average rate of 59.9914 to the December average rate of 59.9236, the exchange rate registered a net change of -0.11% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 60.7755 was up 0.72% compared to the 2022 peak of 60.3436, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 303,878 RSD

2022 Average 300,225 RSD

Yearly Trough Low 296,955 RSD

Transaction Impact: A difference of 6,922.42 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

59.9982

59.9168

JanuMarcMayJulySeptNove

BGN 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 59.9675, compared to 59.9450 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0226 points.

H1 Avg (Jan–Jun) 59.9675

H2 Avg (Jul–Dec) 59.9450

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 1.0315 RSD (High: 60.7755 / Low: 59.7440). On the other end, September was the most stable month, with a tight range of 0.2086 RSD (High: 60.0928 / Low: 59.8843).

November Spread (Volatile) ±1.0315

September Spread (Stable) ±0.2086

Growth Streaks & Declines

Trends

Between July and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0227 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0227

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 59.9344) against the same month in 2022 (average: 59.9598), the exchange rate shifted by -0.0255 (-0.04%).

2023 Avg (November) 59.9344

2022 Avg (November) 59.9598

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	60.1418	59.9174	59.9914
February	60.1859	59.3911	59.9714
March	60.2222	59.6326	59.9546
April	60.3505	59.6711	59.9844
May	60.4587	59.5675	59.9617
June	60.1677	59.8684	59.9416
July	60.0152	59.7885	59.9375
August	60.0536	59.8417	59.9556
September	60.0928	59.8843	59.9653
October	60.3358	59.8236	59.9535
November	60.7755	59.7440	59.9344
December	60.0710	59.7529	59.9236