2023 CDF to RSD Historical Review

YEARLY HIGH

0.0546 RSD

YEARLY LOW

0.0381 RSD

YEARLY AVERAGE

0.0469 RSD

2023 CDF to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CDF to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 0.0546. Conversely, the yearly low was recorded on December 21, dropping to 0.0381.

This high-to-low spread represents a total annual volatility of 0.0165 RSD. From a start-to-finish perspective, comparing the January average rate of 0.0531 to the December average rate of 0.0394, the exchange rate registered a net change of -25.76% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0546 was down 8.45% compared to the 2022 peak of 0.0596, 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 273 RSD

2022 Average 276 RSD

Yearly Trough Low 191 RSD

Transaction Impact: A difference of 82.51 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0545

0.0381

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 0.0510, compared to 0.0428 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0082 points.

H1 Avg (Jan–Jun) 0.0510

H2 Avg (Jul–Dec) 0.0428

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0061 RSD (High: 0.0529 / Low: 0.0468). On the other end, August was the most stable month, with a tight range of 0.0011 RSD (High: 0.0440 / Low: 0.0429).

May Spread (Volatile) ±0.0061

August Spread (Stable) ±0.0011

Growth Streaks & Declines

Trends

Between July and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0036 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0036

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0531) against the same month in 2022 (average: 0.0518), the exchange rate shifted by +0.0013 (+2.56%).

2023 Avg (January) 0.0531

2022 Avg (January) 0.0518

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0546	0.0521	0.0531
February	0.0544	0.0519	0.0532
March	0.0539	0.0518	0.0529
April	0.0529	0.0486	0.0514
May	0.0529	0.0468	0.0495
June	0.0471	0.0446	0.0458
July	0.0446	0.0415	0.0429
August	0.0440	0.0429	0.0434
September	0.0448	0.0437	0.0442
October	0.0452	0.0426	0.0441
November	0.0446	0.0395	0.0426
December	0.0407	0.0381	0.0394