2023 BZD to RSD Historical Review

YEARLY HIGH

55.5602 RSD

YEARLY LOW

51.7491 RSD

YEARLY AVERAGE

53.8130 RSD

2023 BZD to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BZD to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 55.5602. Conversely, the yearly low was recorded on July 17, dropping to 51.7491.

This high-to-low spread represents a total annual volatility of 3.8110 RSD. From a start-to-finish perspective, comparing the January average rate of 53.9828 to the December average rate of 53.1949, the exchange rate registered a net change of -1.46% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 55.5602 was down 8.42% compared to the 2022 peak of 60.6653, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 277,801 RSD

2022 Average 277,090 RSD

Yearly Trough Low 258,746 RSD

Transaction Impact: A difference of 19,055.21 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

55.3452

52.4162

JanuMarcMayJulySeptNove

BZD 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 53.8553, compared to 53.7706 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0847 points.

H1 Avg (Jan–Jun) 53.8553

H2 Avg (Jul–Dec) 53.7706

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 2.3241 RSD (High: 55.2159 / Low: 52.8918). On the other end, October was the most stable month, with a tight range of 1.0643 RSD (High: 55.5602 / Low: 54.4959).

February Spread (Volatile) ±2.3241

October Spread (Stable) ±1.0643

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 1.3596 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.3596

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 55.1011) against the same month in 2022 (average: 59.2191), the exchange rate shifted by -4.1180 (-6.95%).

2023 Avg (October) 55.1011

2022 Avg (October) 59.2191

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	55.3072	53.3250	53.9828
February	55.2159	52.8918	54.3891
March	55.2162	53.3669	54.4502
April	53.7997	52.6285	53.0906
May	54.4199	52.5132	53.5696
June	54.3802	52.9453	53.6498
July	53.6160	51.7491	52.6603
August	53.8885	52.8197	53.3310
September	55.3332	53.8769	54.5114
October	55.5602	54.4959	55.1011
November	54.9415	52.9140	53.8251
December	54.0059	52.2450	53.1949