2023 ETB to RSD Historical Review

YEARLY HIGH

2.0789 RSD

YEARLY LOW

1.8754 RSD

YEARLY AVERAGE

1.9810 RSD

2023 ETB to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ETB to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 2.0789. Conversely, the yearly low was recorded on December 27, dropping to 1.8754.

This high-to-low spread represents a total annual volatility of 0.2036 RSD. From a start-to-finish perspective, comparing the January average rate of 2.0287 to the December average rate of 1.9114, the exchange rate registered a net change of -5.79% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.0789 was down 10.38% compared to the 2022 peak of 2.3197, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 10,395 RSD

2022 Average 10,749 RSD

Yearly Trough Low 9,377 RSD

Transaction Impact: A difference of 1,017.96 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.0545

1.8984

JanuMarcMayJulySeptNove

ETB 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 2.0077, compared to 1.9543 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0534 points.

H1 Avg (Jan–Jun) 2.0077

H2 Avg (Jul–Dec) 1.9543

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0829 RSD (High: 2.0694 / Low: 1.9865). On the other end, August was the most stable month, with a tight range of 0.0426 RSD (High: 1.9744 / Low: 1.9318).

February Spread (Volatile) ±0.0829

August Spread (Stable) ±0.0426

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 0.0635 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0635

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 2.0287) against the same month in 2022 (average: 2.0941), the exchange rate shifted by -0.0654 (-3.12%).

2023 Avg (January) 2.0287

2022 Avg (January) 2.0941

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.0789	2.0051	2.0287
February	2.0694	1.9865	2.0414
March	2.0686	1.9957	2.0369
April	2.0102	1.9513	1.9734
May	2.0174	1.9455	1.9849
June	2.0144	1.9482	1.9810
July	1.9695	1.8949	1.9338
August	1.9744	1.9318	1.9516
September	2.0181	1.9649	1.9894
October	2.0168	1.9726	1.9958
November	1.9880	1.9117	1.9440
December	1.9522	1.8754	1.9114