2023 CVE to RSD Historical Review

YEARLY HIGH

1.0773 RSD

YEARLY LOW

1.0311 RSD

YEARLY AVERAGE

1.0619 RSD

2023 CVE to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CVE to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 3, valuing the pair at 1.0773. Conversely, the yearly low was recorded on December 14, dropping to 1.0311.

This high-to-low spread represents a total annual volatility of 0.0462 RSD. From a start-to-finish perspective, comparing the January average rate of 1.0618 to the December average rate of 1.0610, the exchange rate registered a net change of -0.07% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.0773 was down 4.05% compared to the 2022 peak of 1.1228, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,386 RSD

2022 Average 5,313 RSD

Yearly Trough Low 5,155 RSD

Transaction Impact: A difference of 231.01 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.0642

1.0593

JanuMarcMayJulySeptNove

CVE 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 1.0618, compared to 1.0620 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 1.0618

H2 Avg (Jul–Dec) 1.0620

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.0359 RSD (High: 1.0670 / Low: 1.0311). On the other end, August was the most stable month, with a tight range of 0.0125 RSD (High: 1.0693 / Low: 1.0568).

December Spread (Volatile) ±0.0359

August Spread (Stable) ±0.0125

Growth Streaks & Declines

Trends

Between June and September, 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 October and November, when the average rate fell by 0.0024 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0024

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 1.0638) against the same month in 2022 (average: 1.0621), the exchange rate shifted by +0.0017 (+0.16%).

2023 Avg (February) 1.0638

2022 Avg (February) 1.0621

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0771	1.0506	1.0618
February	1.0773	1.0516	1.0638
March	1.0742	1.0558	1.0622
April	1.0742	1.0513	1.0616
May	1.0723	1.0570	1.0616
June	1.0676	1.0369	1.0597
July	1.0744	1.0461	1.0620
August	1.0693	1.0568	1.0632
September	1.0738	1.0580	1.0637
October	1.0721	1.0566	1.0623
November	1.0684	1.0409	1.0599
December	1.0670	1.0311	1.0610