2023 CHF to RSD Historical Review

YEARLY HIGH

126.3202 RSD

YEARLY LOW

116.5583 RSD

YEARLY AVERAGE

120.6765 RSD

2023 CHF to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CHF to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 126.3202. Conversely, the yearly low was recorded on January 12, dropping to 116.5583.

This high-to-low spread represents a total annual volatility of 9.7619 RSD. From a start-to-finish perspective, comparing the January average rate of 117.7597 to the December average rate of 124.2627, the exchange rate registered a net change of 5.52% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 126.3202 was up 2.23% compared to the 2022 peak of 123.5595, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 631,601 RSD

2022 Average 584,770 RSD

Yearly Trough Low 582,792 RSD

Transaction Impact: A difference of 48,809.33 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

124.9130

117.1094

JanuMarcMayJulySeptNove

CHF 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 118.9353, compared to 122.4177 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.4824 points.

H1 Avg (Jan–Jun) 118.9353

H2 Avg (Jul–Dec) 122.4177

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 3.4025 RSD (High: 126.3202 / Low: 122.9177). On the other end, August was the most stable month, with a tight range of 1.1924 RSD (High: 123.0101 / Low: 121.8177).

December Spread (Volatile) ±3.4025

August Spread (Stable) ±1.1924

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 1.2349 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -1.2349

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 124.2627) against the same month in 2022 (average: 118.8184), the exchange rate shifted by +5.4442 (+4.58%).

2023 Avg (December) 124.2627

2022 Avg (December) 118.8184

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	119.1469	116.5583	117.7597
February	118.9858	117.0536	118.3194
March	119.8108	116.9404	118.3234
April	119.7846	117.7716	118.9354
May	121.0591	118.6046	120.1569
June	120.9588	119.5566	120.1166
July	122.9045	119.8964	121.2660
August	123.0101	121.8177	122.3446
September	123.0519	121.1662	122.1946
October	124.1110	121.0530	122.8366
November	122.8958	121.1072	121.6017
December	126.3202	122.9177	124.2627