2024 BGN to RSD Historical Review

YEARLY HIGH

60.2458 RSD

YEARLY LOW

59.5854 RSD

YEARLY AVERAGE

59.8671 RSD

2024 BGN to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BGN to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 23, valuing the pair at 60.2458. Conversely, the yearly low was recorded on September 19, dropping to 59.5854.

This high-to-low spread represents a total annual volatility of 0.6604 RSD. From a start-to-finish perspective, comparing the January average rate of 59.9304 to the December average rate of 59.8081, the exchange rate registered a net change of -0.20% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 60.2458 was down 0.87% compared to the 2023 peak of 60.7755, 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 301,229 RSD

2023 Average 299,781 RSD

Yearly Trough Low 297,927 RSD

Transaction Impact: A difference of 3,302.22 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

59.9427

59.7959

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 59.9057, compared to 59.8285 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0773 points.

H1 Avg (Jan–Jun) 59.9057

H2 Avg (Jul–Dec) 59.8285

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.4667 RSD (High: 60.2458 / Low: 59.7791). On the other end, February was the most stable month, with a tight range of 0.0860 RSD (High: 59.9669 / Low: 59.8809).

March Spread (Volatile) ±0.4667

February Spread (Stable) ±0.0860

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0270 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0270

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2024: 59.9208) against the same month in 2023 (average: 59.9546), the exchange rate shifted by -0.0339 (-0.06%).

2024 Avg (March) 59.9208

2023 Avg (March) 59.9546

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	60.0264	59.8694	59.9304
February	59.9669	59.8809	59.9164
March	60.2458	59.7791	59.9208
April	60.0533	59.7898	59.8965
May	59.9877	59.8203	59.8986
June	59.9630	59.7974	59.8716
July	59.9141	59.7836	59.8464
August	59.8902	59.7771	59.8274
September	59.9593	59.5854	59.8395
October	59.8781	59.7361	59.8313
November	60.0408	59.7159	59.8179
December	60.0516	59.7394	59.8081