2023 BRL to RSD Historical Review

YEARLY HIGH

22.6474 RSD

YEARLY LOW

20.3048 RSD

YEARLY AVERAGE

21.7183 RSD

2023 BRL to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BRL to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 14, valuing the pair at 22.6474. Conversely, the yearly low was recorded on January 3, dropping to 20.3048.

This high-to-low spread represents a total annual volatility of 2.3426 RSD. From a start-to-finish perspective, comparing the January average rate of 20.9785 to the December average rate of 21.9187, the exchange rate registered a net change of 4.48% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 22.6474 was down 3.70% compared to the 2022 peak of 23.5178, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 BRL based on timing:

Yearly Peak High 566,185 RSD

2022 Average 541,725 RSD

Yearly Trough Low 507,619 RSD

Transaction Impact: A difference of 58,565.47 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

22.4148

20.8480

JanuMarcMayJulySeptNove

BRL 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 21.4084, compared to 22.0282 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6198 points.

H1 Avg (Jan–Jun) 21.4084

H2 Avg (Jul–Dec) 22.0282

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 1.1745 RSD (High: 21.6123 / Low: 20.4379). On the other end, December was the most stable month, with a tight range of 0.5233 RSD (High: 22.2048 / Low: 21.6814).

March Spread (Volatile) ±1.1745

December Spread (Stable) ±0.5233

Growth Streaks & Declines

Trends

Between March and June, 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 September and October, when the average rate fell by 0.2881 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.2881

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2023: 22.2132) against the same month in 2022 (average: 22.6447), the exchange rate shifted by -0.4315 (-1.91%).

2023 Avg (September) 22.2132

2022 Avg (September) 22.6447

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	21.3119	20.3048	20.9785
February	21.5457	20.6399	21.1694
March	21.6123	20.4379	21.0110
April	21.7254	21.0419	21.3190
May	22.0511	21.1354	21.6884
June	22.5382	21.7249	22.2842
July	22.5683	21.6905	22.0956
August	22.2946	21.5780	21.9041
September	22.6474	21.9330	22.2132
October	22.2406	21.4922	21.9252
November	22.4576	21.7831	22.1123
December	22.2048	21.6814	21.9187