2023 BHD to RSD Historical Review

YEARLY HIGH

297.1811 RSD

YEARLY LOW

276.5618 RSD

YEARLY AVERAGE

287.6979 RSD

2023 BHD to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BHD to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 297.1811. Conversely, the yearly low was recorded on July 17, dropping to 276.5618.

This high-to-low spread represents a total annual volatility of 20.6193 RSD. From a start-to-finish perspective, comparing the January average rate of 288.6876 to the December average rate of 284.6651, the exchange rate registered a net change of -1.39% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 297.1811 was down 8.40% compared to the 2022 peak of 324.4210, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,485,905 RSD

2022 Average 1,481,331 RSD

Yearly Trough Low 1,382,809 RSD

Transaction Impact: A difference of 103,096.60 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

295.7057

280.1817

JanuMarcMayJulySeptNove

BHD 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 287.9475, compared to 287.4483 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4992 points.

H1 Avg (Jan–Jun) 287.9475

H2 Avg (Jul–Dec) 287.4483

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 13.3163 RSD (High: 296.0716 / Low: 282.7554). On the other end, August was the most stable month, with a tight range of 5.6438 RSD (High: 288.1191 / Low: 282.4753).

February Spread (Volatile) ±13.3163

August Spread (Stable) ±5.6438

Growth Streaks & Declines

Trends

Between 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 March and April, when the average rate fell by 6.8848 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -6.8848

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 294.4120) against the same month in 2022 (average: 316.1786), the exchange rate shifted by -21.7665 (-6.88%).

2023 Avg (October) 294.4120

2022 Avg (October) 316.1786

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	295.8385	285.1205	288.6876
February	296.0716	282.7554	291.1007
March	295.0353	285.3778	290.6864
April	287.3633	281.2867	283.8016
May	290.7843	280.7890	286.4037
June	290.9331	283.1398	287.0048
July	286.6467	276.5618	281.4754
August	288.1191	282.4753	285.1051
September	296.2024	288.2371	291.4680
October	297.1811	291.2640	294.4120
November	293.5095	282.8366	287.5644
December	288.8512	279.8263	284.6651