2023 DJF to RSD Historical Review

YEARLY HIGH

0.6295 RSD

YEARLY LOW

0.5866 RSD

YEARLY AVERAGE

0.6096 RSD

2023 DJF to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the DJF to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 0.6295. Conversely, the yearly low was recorded on July 14, dropping to 0.5866.

This high-to-low spread represents a total annual volatility of 0.0429 RSD. From a start-to-finish perspective, comparing the January average rate of 0.6122 to the December average rate of 0.6027, the exchange rate registered a net change of -1.55% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.6295 was down 8.35% compared to the 2022 peak of 0.6869, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,148 RSD

2022 Average 3,137 RSD

Yearly Trough Low 2,933 RSD

Transaction Impact: A difference of 214.46 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6267

0.5940

JanuMarcMayJulySeptNove

DJF 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 0.6101, compared to 0.6091 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0010 points.

H1 Avg (Jan–Jun) 0.6101

H2 Avg (Jul–Dec) 0.6091

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0256 RSD (High: 0.6256 / Low: 0.6000). On the other end, August was the most stable month, with a tight range of 0.0117 RSD (High: 0.6100 / Low: 0.5984).

February Spread (Volatile) ±0.0256

August Spread (Stable) ±0.0117

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 0.0144 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0144

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.6240) against the same month in 2022 (average: 0.6707), the exchange rate shifted by -0.0467 (-6.96%).

2023 Avg (October) 0.6240

2022 Avg (October) 0.6707

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6284	0.6047	0.6122
February	0.6256	0.6000	0.6160
March	0.6252	0.6050	0.6163
April	0.6085	0.5965	0.6018
May	0.6165	0.5955	0.6068
June	0.6161	0.5996	0.6075
July	0.6073	0.5866	0.5967
August	0.6100	0.5984	0.6042
September	0.6267	0.6111	0.6171
October	0.6295	0.6177	0.6240
November	0.6217	0.5987	0.6100
December	0.6113	0.5924	0.6027