2023 DKK to RSD Historical Review

YEARLY HIGH

15.9356 RSD

YEARLY LOW

15.5898 RSD

YEARLY AVERAGE

15.7340 RSD

2023 DKK to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the DKK to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 14, valuing the pair at 15.9356. Conversely, the yearly low was recorded on March 18, dropping to 15.5898.

This high-to-low spread represents a total annual volatility of 0.3458 RSD. From a start-to-finish perspective, comparing the January average rate of 15.7746 to the December average rate of 15.7194, the exchange rate registered a net change of -0.35% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 15.9356 was up 0.52% compared to the 2022 peak of 15.8537, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 79,678 RSD

2022 Average 78,926 RSD

Yearly Trough Low 77,949 RSD

Transaction Impact: A difference of 1,729.22 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

15.7804

15.7108

JanuMarcMayJulySeptNove

DKK 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 15.7437, compared to 15.7244 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0193 points.

H1 Avg (Jan–Jun) 15.7437

H2 Avg (Jul–Dec) 15.7244

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.2673 RSD (High: 15.9356 / Low: 15.6683). On the other end, July was the most stable month, with a tight range of 0.0236 RSD (High: 15.7414 / Low: 15.7177).

November Spread (Volatile) ±0.2673

July Spread (Stable) ±0.0236

Growth Streaks & Declines

Trends

Between October and December, 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 January and February, when the average rate fell by 0.0226 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0226

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 15.7189) against the same month in 2022 (average: 15.7606), the exchange rate shifted by -0.0417 (-0.26%).

2023 Avg (November) 15.7189

2022 Avg (November) 15.7606

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	15.7893	15.7431	15.7746
February	15.7818	15.7125	15.7520
March	15.8062	15.5898	15.7410
April	15.7590	15.5947	15.7240
May	15.7517	15.6559	15.7360
June	15.7484	15.7004	15.7347
July	15.7414	15.7177	15.7313
August	15.7425	15.7119	15.7338
September	15.7508	15.6911	15.7263
October	15.8282	15.6748	15.7166
November	15.9356	15.6683	15.7189
December	15.7705	15.6950	15.7194