2023 BMD to RSD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 BMD to RSD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the BMD to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 112.0313. Conversely, the yearly low was recorded on July 17, dropping to 104.2721.
This high-to-low spread represents a total annual volatility of 7.7592 RSD. From a start-to-finish perspective, comparing the January average rate of 108.8144 to the December average rate of 107.3360, 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 112.0313 was down 8.40% compared to the 2022 peak of 122.3025, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BMD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
BMD 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 108.4828, compared to 108.3438 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1390 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was February, with a trading range of 4.6449 RSD (High: 111.2510 / Low: 106.6061). On the other end, August was the most stable month, with a tight range of 2.1164 RSD (High: 108.6170 / Low: 106.5005).
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 2.6213 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2023: 110.9874) against the same month in 2022 (average: 119.2600), the exchange rate shifted by -8.2726 (-6.94%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 111.5400 | 107.4961 | 108.8144 |
| February | 111.2510 | 106.6061 | 109.6437 |
| March | 111.2132 | 107.5874 | 109.4814 |
| April | 108.2108 | 105.5682 | 106.9061 |
| May | 109.6458 | 105.8504 | 107.9273 |
| June | 109.5853 | 106.7100 | 108.1239 |
| July | 108.0084 | 104.2721 | 106.0207 |
| August | 108.6170 | 106.5005 | 107.4988 |
| September | 111.6520 | 108.6720 | 109.8540 |
| October | 112.0313 | 109.8080 | 110.9874 |
| November | 110.6930 | 106.5861 | 108.3660 |
| December | 108.8764 | 105.4780 | 107.3360 |