YEARLY HIGH
9.2981 RSD
YEARLY LOW
8.4187 RSD
YEARLY AVERAGE
8.7501 RSD

2021 TJS to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the TJS to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 25, valuing the pair at 9.2981. Conversely, the yearly low was recorded on January 6, dropping to 8.4187.

This high-to-low spread represents a total annual volatility of 0.8794 RSD. From a start-to-finish perspective, comparing the January average rate of 8.5069 to the December average rate of 9.2113, the exchange rate registered a net change of 8.28% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 9.2981 was down 17.82% compared to the 2020 peak of 11.3137, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 46,490 RSD
2020 Average 50,180 RSD
Yearly Trough Low 42,094 RSD
Transaction Impact: A difference of 4,396.91 RSD purely based on transaction execution date.

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9.2831
8.4219
JanuMarcMayJulySeptNove

TJS 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 8.5659, compared to 8.9343 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3684 points.

H1 Avg (Jan–Jun) 8.5659
H2 Avg (Jul–Dec) 8.9343

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.2966 RSD (High: 9.2981 / Low: 9.0015). On the other end, October was the most stable month, with a tight range of 0.1039 RSD (High: 9.0199 / Low: 8.9159).

November Spread (Volatile) Âą0.2966
October Spread (Stable) Âą0.1039

Growth Streaks & Declines

Trends

Between May and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.1413 points.

Longest Streak 7 Mo.
Sharpest MoM Drop -0.1413

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2021: 9.1427) against the same month in 2020 (average: 8.9050), the exchange rate shifted by +0.2378 (+2.67%).

2021 Avg (November) 9.1427
2020 Avg (November) 8.9050

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Month High Low Average
January 8.5515 8.4187 8.5069
February 8.6148 8.4806 8.5339
March 8.7920 8.5549 8.6709
April 8.7864 8.5057 8.6350
May 8.5863 8.4191 8.4936
June 8.6669 8.4362 8.5552
July 8.7617 8.6383 8.7167
August 8.8627 8.6622 8.7602
September 8.9648 8.7358 8.8048
October 9.0199 8.9159 8.9702
November 9.2981 9.0015 9.1427
December 9.2726 9.1477 9.2113