YEARLY HIGH
0.0527 RSD
YEARLY LOW
0.0481 RSD
YEARLY AVERAGE
0.0499 RSD

2021 CDF to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the CDF to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 7, valuing the pair at 0.0527. Conversely, the yearly low was recorded on May 22, dropping to 0.0481.

This high-to-low spread represents a total annual volatility of 0.0046 RSD. From a start-to-finish perspective, comparing the January average rate of 0.0490 to the December average rate of 0.0520, the exchange rate registered a net change of 6.02% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.0527 was down 19.29% compared to the 2020 peak of 0.0652, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 263 RSD
2020 Average 281 RSD
Yearly Trough Low 240 RSD
Transaction Impact: A difference of 22.90 RSD purely based on transaction execution date.

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0.0523
0.0482
JanuMarcMayJulySeptNove

CDF 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 0.0491, compared to 0.0507 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0016 points.

H1 Avg (Jan–Jun) 0.0491
H2 Avg (Jul–Dec) 0.0507

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 0.0019 RSD (High: 0.0506 / Low: 0.0486). On the other end, July was the most stable month, with a tight range of 0.0008 RSD (High: 0.0503 / Low: 0.0495).

April Spread (Volatile) Âą0.0019
July Spread (Stable) Âą0.0008

Growth Streaks & Declines

Trends

Between May and August, 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 April and May, when the average rate fell by 0.0010 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0010

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 0.0520) against the same month in 2020 (average: 0.0495), the exchange rate shifted by +0.0024 (+4.94%).

2021 Avg (December) 0.0520
2020 Avg (December) 0.0495

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Month High Low Average
January 0.0494 0.0484 0.0490
February 0.0496 0.0487 0.0491
March 0.0504 0.0491 0.0497
April 0.0506 0.0486 0.0495
May 0.0491 0.0481 0.0485
June 0.0497 0.0483 0.0490
July 0.0503 0.0495 0.0499
August 0.0506 0.0496 0.0502
September 0.0510 0.0499 0.0501
October 0.0513 0.0502 0.0507
November 0.0524 0.0505 0.0514
December 0.0527 0.0516 0.0520